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Q1) Tendency of series of values to increase or decrease over long period of time is called as the ________ of a time series.
a) Cyclical fluctuation.
b) Secular trend.
c) Residual effect.
d) Seasonal variation.
Q2) The _______ generally explains fluctuations of time series which are attributable to business and economic conditions.
b) Residual effect.
c) Seasonal variation.
d) Secular trend.
Q3) The _______ is what remains of time series value after secular, cyclical, and seasonal components have been removed.
a) Additive effect.
b) Exponential effect.
c) Error effect.
d) Residual effect.
Q4) Choice of exponential smoothing constant w has little or no effect on forecast values using exponential smoothing.
True
False
Q5) Exponentially smoothed predict takes into account both changes in trend and seasonality.
Compare your best difference to the result from an ordinary two-sample t-test between these groups. Comment the difference.
Fast Service Truck Lines uses the Ford Super Duty F-750 exclusively. Management made a study of the maintenance costs and determined the number of miles traveled during the year followed the normal distribution. The mean of the distribution was 60..
Give the Z- score cutoff (or cutoffs) on the comparison distribution at which the null hypothesis should be rejected
A student team examined parked cars in four different suburban shopping malls. One hundred vehicles were examined in each location. Research question: At α = . 05, does vehicle type vary by mall location?
Now assume institutional cache is used. Hit rate for cache is 0.6. Determine the total average response time.
A study regarding the relationship between age and the amount of pressure sales personnel feel in relation to their jobs revealed the following sample information.
You listen to radio station for 1 hour, at arbitrarily selected time, and carefully observe that amount of advertising time is equal to 7 minutes. Compute z-score for this amount of advertising time.
The correct set of hypotheses to test the effect of the bonus plan, the difference between the t and z distributions
ACT scores of high school seniors. The scores of high school seniors on the ACT college entrance examination in 2003 had mean JL = 20.80 and standard deviation (J = 4.80. The distribution of scores is only roughly Normal.
Assume your statistics professor reports test grades as z-scores, and you got a score of 2.20 on the midterm exam. Write down a sentence explaining what that means.
The cost of one serving of peanut butter ( in cents) for a random sample of 19 jars of peanut butter was found to be:
The quality-control inspector checks 200 pieces in a certain operation. The piece is either good or defective. The record for nine hours.
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