QUESTION 1 The data on daily stock prices of Exxon Mobil for the last one year i

Question

QUESTION 1

The data on daily stock prices of Exxon Mobil for the last one year is an example of which kind of historical information?

cross sectional data

judgmental data

time series data

panel data

5 points   

QUESTION 2

Forecasting the stock price of Microsoft based on its historical prices and its historical earnings is an example of which kind of forecasting technique?

qualitative forecasting

judgmental forecasting

univariate forecasting

multivariate forecasting

cross sectional data

judgmental data

time series data

panel data

Explanation / Answer

1)The data on daily stock prices of Exxon Mobil for the last one year is an example of time series data.Time series data is an sequence of points(stock prices here) recorded in a interval of time(1 year) over successive points of time(daily) therefore data on daily stock prices of Exxon Mobil for the last one year is an example of time series data.

2)Forecasting the stock price of Microsoft based on its historical prices and its historical earnings is an example of multivariate forecasting.Here forecasting is based on multiple variables  historical prices and its historical earnings therefore its multivariate forecasting,if forecasting was based on single variable then its univariate forecasting.There is no judgement exercised here in forecasting so no judgmental forecasting and technique used is quantitative not qualitative therefore its not qualitative forecasting.

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