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Forecasting Techniques

Authored by Joshua Hodo

Professional Development

12th Grade

Used 3+ times

Forecasting Techniques
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Time series data is typically described over what?

A random set of events

A uniform set of time points or period

A single point in time

A non-sequential list

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the technique called for determining the trend and other components of a time series?

Regression Analysis

Time Series Analysis

Correlation Analysis

Descriptive Statistics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key assumption made in time series analysis regarding future predictions?

Future predictions are impossible

Future predictions are based on random guesses

Future predictions rely on past trends

Future predictions ignore past data

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of a time series captures the regular pattern of fluctuations?

Trend

Seasonality

Noise

Cycle

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of time series forecasting?

To identify random events

To predict future values based on historical data

To eliminate all data variations

To analyze a single data point

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the formula for calculating Expected Values?

A - T= S

A = T x S

ΣPX

y = a = bx

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is the formula for calculating Expected Values?

A - T= S

A = T x S

ΣPX

y = a = bx

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