Author Question: What is bootstrapping in Crystal Ball? A) It is a statistical tool that provides a priori ... (Read 48 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
What is bootstrapping in Crystal Ball?
 
  A) It is a statistical tool that provides a priori sensitivity information about the impact of each model variable on a target forecast.
  B) It is a statistical technique that fits probability distributions to multiple data series.
  C) It is a statistical technique that analyzes sample statistics empirically by repeatedly sampling the data and creating distributions of the statistics.
  D) It is a statistical tool that allows individuals to define correlations between groups of assumptions in a model.

Question 2

An example of coding a categorical variable would be to code No as 0 and Yes as 1.
 
  Indicate whether the statement is true or false


bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

C

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library