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Author Question: What is bootstrapping in Crystal Ball? A) It is a statistical tool that provides a priori ... (Read 93 times)

asan beg

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on: Jun 24, 2018
What is bootstrapping in Crystal Ball?
 
  A) It is a statistical tool that provides a priori sensitivity information about the impact of each model variable on a target forecast.
  B) It is a statistical technique that fits probability distributions to multiple data series.
  C) It is a statistical technique that analyzes sample statistics empirically by repeatedly sampling the data and creating distributions of the statistics.
  D) It is a statistical tool that allows individuals to define correlations between groups of assumptions in a model.

Question 2

An example of coding a categorical variable would be to code No as 0 and Yes as 1.
 
  Indicate whether the statement is true or false
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
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bobsmith

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

C

Answer to Question 2

TRUE


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