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
True or False The Pareto diagram, also known as the Juran diagram, is a bar chart describing the relative frequencies with which various kinds of defects, or nonconformities, have occurred.
Indicate whether the statement is true or false
Jacob Lawrence, You can buy bootleg whiskey for twenty-five cents a quart, from the Harlem Series.
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