Author Question: What is bootstrapping in Crystal Ball? A) It is a statistical tool that provides a priori ... (Read 88 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?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library