Author Question: In many time-series applications, the dependent variable in a time period is often related to the ... (Read 116 times)

xroflmao · **on:** Jun 24, 2018

In many time-series applications, the dependent variable in a time period is often related to the value taken by this variable in the previous time period.

Indicate whether the statement is true or false

Question 2

Describe two methods of nonprobabilistic sampling methods. Give an example for each. What are the advantages and disadvantages of each?

What will be an ideal response?

chevyboi1976 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

TRUE

Answer to Question 2

Surveying friends or coworkers and quota sampling are two methods of nonprobabilistic sampling. The primary advantage of these methods is that they are inexpensive and quick. The drawback is that, since the sample is not chosen using probabilistic methods, there is no valid way of determining the reliability of the resulting estimates.