Sample Test 7-2 With Answers 100% Correct

SAMPLE TEST 7-2 WITH
ANSWERS 100% CORRECT



1) The seasonal component of a time series is harder to predict than
the cyclic component; the reason is that cyclic variation is much
more regular.

Select Fal
ed se
Answe
Fal
r:
se
Corre
ct
Answe
r:




2) An autocorrelation is a type of correlation used to measure whether
the values of a time series are related to their own past values.

Select Tr
ed ue
Answe
Tr
r:
ue
Corre
ct
Answe
r:


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, SAMPLE TEST 7-2 WITH
ANSWERS 100% CORRECT

3) You will always get more accurate forecasts by using more complex
forecasting methods.

Select Fal
ed se
Answe
True
r:

Corre
ct
Answe
r:




4) Extrapolation methods attempt to:

Select
c.
ed
use non-quantitative methods to predict future values
Answe
b.
r:
search for patterns in the data and then use those to predict
Corre future values
ct
Answe
r:


5) When using the moving average method, you must select which
represent(s) the number of terms in the moving average.

Select Answer:
ed
Correct Answer:
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