ns wers:( points each from 1 to 20) 1. Each data point in a time series is assoc
ID: 2428970 • Letter: N
Question
ns wers:( points each from 1 to 20) 1. Each data point in a time series is associated with a... a. fraction of a period; b. qualitative data set; c. specific point of time; d. both a and b 2. The Forecasting technique is based on the same a. unde b. underlying causal assumptions that prevailed in the c. underlying causal assumptions that prevailed in certainty only; d. underlying causal assumptions that prevailed in the future only rlying causal assumptions that prevailed in the present; 3. Qualitative Forecasting is a subjective technique that relies on a. perfect information a knowledgeable person's intuition; c. a knowledgeable person's judgements d. both b and c. 4. series A Trend Component is present in a time a. if an irregular upward or downward movement can be observed in the data. b. if a general upward movement can be observed in the data. c. if a general upward or downward movement can be observed in the data. d. none of the aboveExplanation / Answer
1) The correct answer is C
Explanation:- The basis of the time series is a sequence of successive data points in time, typically at regular time intervals.
2) The correct answer is b
Explanation:- Forecasting technique assume that the underlying causal relationship that existed in the past will continue in the future.
3) The correct answer is d
Explanation:- Qualitative forecasting relies upon opinions and expertise of people in developing forecasts.
4) The correct answer is C
Explanation:- The trend component is the general upward or downward movement of the average over time.
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