Author Question: A forecast is defined as a(n) a. prediction of future values of a time series. b. quantitative ... (Read 87 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
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

  • Sr. Member
  • ****
  • Posts: 304
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

For a complete list of videos, visit our video library