A forecast is defined as a(n): a. prediction of future values of ...

[formula1]

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]

Answer to Question 1

A

Answer to Question 2

T