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
13 Ball
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