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Author Question: A forecast is defined as a(n) a. prediction of future values of a time series. b. quantitative ... (Read 51 times)

newyorker26

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on: Jun 24, 2018
A forecast is defined as a(n)
 a. prediction of future values of a time series.
  b. quantitative method used when historical data on the variable of interest are either unavailable or not applicable.
  c. set of observations on a variable measured at successive points in time.
  d. outcome of a random experiment.

Question 2

Making visual comparisons between categorical variables is difficult in a
 a. scatter chart. b. pie chart.
  c. line chart. d. column chart.


manuelcastillo

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a
RATIONALE: Forecast is defined as a prediction of future values of a time series.

Answer to Question 2

b
RATIONALE: Making visual comparisons is much easier in the bar chart than in the pie chart, particularly when using a limited number of colors for differentiation.


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