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Author Question: The process of ____________ might be used to determine the value of smoothing constant that ... (Read 74 times)

tsand2

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on: Jun 24, 2018
The process of ____________ might be used to determine the value of smoothing constant that minimizes the mean squared error.
 a. quantization b. nonlinear optimization
  c. clustering d. curve fitting

Question 2

The data dashboard for a marketing manager may have KPIs related to
 a. current sales measures and sales by region.
  b. current financial standing of the company.
  c. data on the company's call center.
  d. overall performance of the company's stock over the previous 52 weeks.


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krakiolit

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

b
RATIONALE: Trial and error is often used to determine whether a different smoothing constant  can provide more accurate forecasts, but we can avoid trial and error and determine the value of  that minimizes MSE through the use of nonlinear optimization.

Answer to Question 2

a
RATIONALE: The KPIs displayed in the data dashboard should convey meaning to its user and be related to the decisions the user makes. For example, the data dashboard for a marketing manager may have KPIs related to current sales measures and sales by region.


tsand2

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Reply 2 on: Jun 24, 2018
Excellent

meganmoser117

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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