Author Question: If the forecasted value of the time series variable for period 2 is 22.5 and the actual value ... (Read 94 times)

809779

  • Hero Member
  • *****
  • Posts: 579
If the forecasted value of the time series variable for period 2 is 22.5 and the actual value observed for period 2 is 25, what is the forecast error in period 2?
 a. 3
  b. 2
  c. 2.5
  d. 2.5

Question 2

An electronics part manufacturer reprimanded an employee. The number of defective parts produced by the employee increased. The increase in the number of defective parts is probably an example of:
 a. assignable variation.
  b. common-cause variation.
  c. random variation.
  d. homoscedasticity.
  e. costs of attrition.



tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library