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    Bstat 3322 Test Study Guide

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    dsgd
    This document is a student's review of answers to a participation quiz on business statistics. It provides the student's responses to 12 multiple choice questions on topics like time series forecasting, trend analysis, and exponential smoothing. It also lists the correct answers, and shows that the student answered 8 of the 12 questions correctly to earn a score of 3 out of 0 points on the quiz.

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    © All Rights Reserved
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    Bstat 3322 Test Study Guide

    Uploaded by

    dsgd
    147 views8 pages
    This document is a student's review of answers to a participation quiz on business statistics. It provides the student's responses to 12 multiple choice questions on topics like time series forecasting, trend analysis, and exponential smoothing. It also lists the correct answers, and shows that the student answered 8 of the 12 questions correctly to earn a score of 3 out of 0 points on the quiz.

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    study guide for BSTAT 3322

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    bstat 3322 test study guide

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    This document is a student's review of answers to a participation quiz on business statistics. It provides the student's responses to 12 multiple choice questions on topics like time series forecasting, trend analysis, and exponential smoothing. It also lists the correct answers, and shows that the student answered 8 of the 12 questions correctly to earn a score of 3 out of 0 points on the quiz.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    147 views8 pages

    Bstat 3322 Test Study Guide

    Uploaded by

    dsgd
    This document is a student's review of answers to a participation quiz on business statistics. It provides the student's responses to 12 multiple choice questions on topics like time series forecasting, trend analysis, and exponential smoothing. It also lists the correct answers, and shows that the student answered 8 of the 12 questions correctly to earn a score of 3 out of 0 points on the quiz.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    1. 2152-BSTAT-3322-001-BUSINESS-STATISTICS-II--2015-Spring

    2. TEST
    3. Review Test Submission: Participation quiz 6 Spring,2015

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    TEST

    Review Test Submission: Participation quiz 6


    Spring,2015
    Content
    User
    Course
    Test
    Started
    Submitted
    Due Date
    Status
    Attempt Score

    Mohamed Yusuf Shire


    2152-BSTAT-3322-001-BUSINESS-STATISTICS-II--2015-Spring
    Participation quiz 6 Spring,2015
    4/15/15 11:03 AM
    4/15/15 11:19 AM
    4/15/15 11:30 AM
    Completed
    3 out of 0 points

    Time Elapsed 15 minutes out of 17 minutes


    Results Displayed Submitted Answers, Correct Answers

    Question 1
    0 out of 0.5 points (Extra Credit)

    The annual multiplicative time-series model does not possess ________ component.
    Selected Answer:
    Correct Answer:

    a cyclical
    a seasonal

    Question 2
    0.5 out of 0.5 points (Extra Credit)

    TABLE 16-3
    The following table contains the number of complaints received in a department store for the
    first 6 months of the year.

    Referring to Table 16-3, using exponential smoothing, suppose the last two smoothed values
    for May and June are 115 and 150 respectively. What would you forecast as the value of the
    time series for September?
    Selected Answer:
    150
    Correct Answer:
    150

    Question 3
    0.5 out of 0.5 points (Extra Credit)

    After estimating a trend model for annual time-series data, you obtain the following residual
    plot against time:

    The problem with your model is that


    Selected Answer:
    Correct Answer:

    the trend component has not been accounted for.


    the trend component has not been accounted for.

    Question 4
    0 out of 0.5 points (Extra Credit)

    Which of the following statements about moving averages is not true?


    Selected Answer:
    Correct Answer:

    It gives equal weight to all values in the computation.


    It gives greater weight to more recent data.

    Question 5
    0.5 out of 0.5 points (Extra Credit)

    To assess the adequacy of a forecasting model, one measure that is often used is
    Selected Answer:
    Correct Answer:

    the MAD.
    the MAD.

    Question 6
    0.5 out of 0.5 points (Extra Credit)

    The following is the list of MAD statistics for each of the models you have estimated from
    time-series data:

    Based on the MAD criterion, the most appropriate model is


    Selected Answer:
    Correct Answer:

    AR(2).
    AR(2).

    Question 7
    0 out of 0.5 points (Extra Credit)

    True or False: A least squares linear trend line is just a simple regression line with the years
    recoded.
    Selected Answer:
    Correct Answer:

    Question 8
    0 out of 0.5 points (Extra Credit)

    False
    True

    The method of least squares is used on time-series data for


    Selected Answer:
    Correct Answer:

    eliminating irregular movements.


    obtaining the trend equation.

    Question 9
    0.5 out of 0.5 points (Extra Credit)

    Based on the following scatter plot, which of the time-series components is not present in this
    quarterly time series?

    Selected Answer:
    Correct Answer:

    cyclical
    cyclical

    Question 10
    0.5 out of 0.5 points (Extra Credit)

    The overall upward or downward pattern of the data in an annual time series will be
    contained in the ________ component.
    Selected Answer:
    Correct Answer:

    trend

    trend

    Question 11
    0 out of 0.5 points (Extra Credit)

    TABLE 16-3
    The following table contains the number of complaints received in a department store for the
    first 6 months of last year.

    Referring to Table 16-3, if a three-month moving average is used to smooth this series, what
    would be the last calculated value?
    Selected Answer:
    Correct Answer:

    126
    114

    Question 12
    0 out of 0.5 points (Extra Credit)

    TABLE 16-3
    The following table contains the number of complaints received in a department store for the
    first 6 months of last year.

    Referring to Table 16-3, if this series is smoothed using exponential smoothing with a
    smoothing constant of 1/3, what would be the third value?
    Selected Answer:
    Correct Answer:

    68
    53

    Wednesday, April 15, 2015 11:25:56 AM CDT


    OK

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