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Author Question: With reference to exponential forecasting models, a parameter that provides the weight given to the ... (Read 76 times)

plus1

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With reference to exponential forecasting models, a parameter that provides the weight given to the most recent time series value in the calculation of the forecast value is known as the
 a. moving average. b. regression coefficient.
  c. smoothing constant. d. mean forecast error.

Question 2

A data visualization tool that updates in real time and gives multiple outputs is called
 a. a data table. b. a metrics table.
  c. the GIS. d. a data dashboard.



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Dnite

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Answer to Question 1

c
RATIONALE: With reference to exponential forecasting models, a parameter that provides the weight given to the most recent time series value in the calculation of the forecast value is known as the smoothing constant.

Answer to Question 2

d
RATIONALE: A data dashboard is a data visualization tool that illustrates multiple metrics and automatically updates these metrics as new data become available.




plus1

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


Missbam101

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

 

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