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1. The effect of anunpredictable, rare event will be contained in the __________

ID: 2916062 • Letter: 1

Question

1. The effect of anunpredictable, rare event will be contained in the __________component.

A) trend
B) cyclical
C) seasonal
D) irregular

2. The overall upwardor downward pattern of the data in an annual time series will becontained in the __________ component.

A) irregular
B) cyclical
C) trend
D) seasonal

3. The fairly regularfluctuations that occur within each year would be contained in the__________ component.

A) seasonal
B) irregular
C) trend
D) cyclical

5. The method ofmoving averages is used

A) to plot a series.
B) in regression analysis.
C) to smooth a series.
D) to exponentiate a series.

6. When using theexponentially weighted moving average for purposes of forecastingrather than smoothing,

A) the current smoothed valuebecomes the forecast.
B) the previous smoothed valuebecomes the forecast.
C) the next smoothed valuebecomes the forecast.
D) none of the above

Explanation / Answer

1. D) Irregular 2. C) Trend 3. A) Seasonal 5. C) To smooth a series 6. A) The current smoothed value becomes the forecast.