Name the forecasting methods

Q: A college counselor wants to determine if the number of hours spent studying for a test can be used…

A: An explanatory variable is the one which can be changed independently or what you manipulate or…

Q: I need help understanding observational units, variables, how to formulate research questions.

A: Solution:Observational units:Observational units are the objects or entities on which information…

Q: Describe the purpose of a contingency table (Links to an external site.). What are the differences…

A: Given information : The purpose of a contingency table and the differences between a contingency…

Q: Phillip Cane, the managing editor of Your Life Magazine, needs to develop a forecasting system for…

A: The moving average method is an improvement over semi average method as short term fluctuation are…

Q: Specify which of the variables listed are quantitative and which are categorical.

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Q: following s

A: we have to tell which of the following set spans R3 amongst the given options.

Q: e following stat-

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Q: Which of the following best describes the picture?

A: Intro.: The given plot is interaction plot. The interaction between two factors defined as the…

Q: a) Determine the values of * and **. b) Give the unbiased point estimate for the average monthly…

A: a) The standard deviation of the Hyundai vehicle(*) is, S.E. Mean=Std Devn1.34=Std Dev23Std…

Q: 7. Which of the following forecasting method will you use? 8. What are your basis in choosing for…

A: We have data of a firm's actual market share for 12 months. The data can be visualized using a…

Q: The following is data on the causes of fires in DKI Jakarta in 2020

A: Pareto chart is a combination of both bar graph and line chart.

Q: Determine whether the following variables are qualitative or quantative, and explain why.  The gold…

A: Qualitative variable: The variable that consists of the attributes that has different categories,…

Q: How can you evaluate the accuracy of a forecast model?

A: The three methods to determine the accuracy of any forecasting are Mean Absolute Deviation (MAD):…

Q: Discuss why it is important to monitor forecast errors ?

A: Four reasons to track forecast accuracy:- 1.Improving your forecasting process requires the ability…

Q: In order to forecast enrollment for next fall, XYZ University of the CBA wishes to forecast…

A: By regression we mean estimation or prediction of the average value of one variable for specified…

Q: How to how to interpret scatterplots?

A:

Q: What can you say about the accuracy of the forecast for an earthquake?

A: Forecasting of an earthquake are used to establish codes of bulding, in awareness programs and in…

Q: By referring to the first graph, the define the type of risks: 1.1. Total Risk. 1.2.…

A: The define the type of risks:  Total Risk. Systematic Risk (Non-Diversifiable Risk) Unsystematic…

Q: Final Initial Feed Weight Weight Weight 95 42 272 77 33 226 80 33 259 100 45 292 97 39 311 70 36 183…

A: The dependent variable is Final Weight. The independent variables are Initial weight and Feed…

Q: Find the estimated mean speed

A: Given Information: Speed (mph) Cars 30-39 7 40-49 16 50-59 51 60-69 16 70-79 10 To…

Q: The busiest time of the day at the Taco Town fast-food restaurant is between 11:00 A.M. and 2:00…

A: Given: The busiest time based on the Taco Town fast-food restaurant is between 11:00 A.M. and 2:00…

Q: Vp Pq n

A: Given that

Q: Calculate the MAPE for each of the 3 forecast models used in the table. Which should be used for…

A: Time series are used to forecast or predict the variable over the time. There are four types of…

Q: Explain why the following picture is misleading:

A: Note: Hi there! Thank you for posting the question. As you have posted multiple questions, as per…

Q: . Two different forecasting techniques (F1 and F2) were used to forecast demand for cases of bottled…

A: (a). Compute the value of MAD for each set of forecasts: The required calculations are obtained as…

Q: Compute MAD, MSE, MAPE for each set of forecasts. Give your results, which forecast appears to be…

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Q: I need only one answer not explain  Type, quantity, pattern, trend, cycle, and/or seasonality are…

A: Given are the options of the question: Model Information Data Time

Q: In order to forecast enrollment for next fall, XYZ University of the CBA wishes to forecast…

A: The enrollment data of past 10 years os given. We need to calculate the slope, intercept, and linear…

Q: The above chart is an example of:

A: Given,

Q: Give me an example of a scientific study of the bug tracking system and extract the methodological…

A: A bug tracking system is an application that lets you keep track of bugs (and often suggestions) for…

Q: Month Actual 3 month moving average 6 month moving average ( 4,3,2,1,1,1) August September 19 20…

A: Forecasting based question

Q: A. can only display numerical data, while a can display categorical data.

A: Our aim is to fill the blanks.

Q: The Acme School of Locksmithing has been accredited for the past 15 years. Discuss how this…

A: Quantitative Variable  It is a variable in which the values are obtained by counting or measuring.…

Q: 4 pts Problem #1a: Use a two-month moving average to create a forecast for May. Calculate the…

A:

Q: United Dairies, Inc., supplies milk to several independent grocers throughout Dade County, Florida.…

A: United Dairies, Inc., supplies milk to several independent grocers throughout DadeCounty, Florida.…

Q: (b) Compare a three-month moving average forecast with an exponential smoothing forecast. Use a =…

A: here given data for 12 months here use exponential smoothing and 3 month moving average formula as…

Q: The Acme School of Locksmiths has been accredited for the past 15 years. Discuss how this…

A: From the given example we want to Know it is qualitative or quantitative.

Q: given this data, what will be the most appropriate way to present them?

A: Consider the table1 and table 2 in which the data shows the study of plants over a period of 4…

Q: Generate the forecast values for the last two (2) quarters of year 6.

A: HERE given  trend equation Tt  = 7.961 + 0.03 t

Q: Age(x) 8 15 22 27 34 40 Sleep (y) 8 8 7 7 5 6

A: We have given that, X :- 8, 15, 22, 27, 34, 40 Y:- 8, 8, 7, 7, 5, 6 Then,  We will find the…

Q: Essay 21. a. What types of studics can show causc-and-effect relationships? Explain. b. What must be…

A: solution

Q: The process of moving from theory to data, where the data would test the theory, is known as.......?

A: The aim to find the process made to test the theory.

Q: Q1) FIND THE FORECASTING FOR YEAR 2042, 2043, 2044 Years 2020 2021 2022 2023 2024 2025 2026 2027…

A: The given data is,  year  home value 2020 1000000 2021 1200000 2022 1410000 2023 1640000…

Q: Cite any relevant observation/s from the diagram below.

A: Here given graph for observation hour and acetone concentration

Q: A discrete variable is A qualitative variable is

A:

Q: A sales manager wants to forecast monthly sales for the company's products using the following…

A: A company manager intended to forecast the monthly sales and six months sales are given as below:…