« previous next »

Author Question: What is bootstrapping in Crystal Ball? A) It is a statistical tool that provides a priori ... (Read 89 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
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
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
Buy Test-Bank


bobsmith

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Ball and socket joint Ball and socket joint
Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
The U.S. Department of Agriculture offers the SuperTracker tool to help you track, analyze, and plan ... The U.S. Department of Agriculture offers the SuperTracker tool to help you track, analyze, and plan ...
A typical ball-peen hammer. A typical ball-peen hammer.
Crystal structures of RNA polymerases Crystal structures of RNA polymerases
Lac repressor protein binding. The crystal structural model of Lac repressor binding at lacO Lac repressor protein binding. The crystal structural model of Lac repressor binding at lacO
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library