Sampling error is evident when:
a. a question is poorly worded and results in bias
b. the sample is too small
c. the sample is not random
d. the sample mean differs from the population mean
Question 2
When using Holt's model, choosing values of the smoothing constant that are near 1 will result in forecast models that:
a. react very quickly to changes in the level
b. react very quickly to changes in the trend
c. react very quickly to changes in the level and the trend
d. react very slowly to changes in the level and the trend
