Author Question: A forecast is defined as a(n): a. prediction of future values of a time series. b. quantitative ... (Read 114 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
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



Alyson.hiatt@yahoo.com

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

A

Answer to Question 2

T



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

For a complete list of videos, visit our video library