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Forecasting Models and Types of Data
There are different types of forecasting models that can be used in business research. Each model is suitable for a type of historical demand data. Some data may have a trend, may be without a trend, or may be seasonal.
Justify your answers using examples and reasoning. Comment on the postings of at least two peers and state whether you agree or disagree with their views.
Research Process
The research process is a well-structured methodology that aids the manager to make an educated business decision. The most important element of this process is the source of data used. The better the data, the better the result. Data must come from a sample that is random and large enough.
Compute the 95% confidence interval for the proportion of adults who are planning to buy a new car in the next 6 months.
Parole board is examing five prisoners up for parole. let x= number of prisoners out of 5 on parole who become offenders. Find the probability distribution for x.
as shown in your earlier work assuming the systolic blood pressure among women college students is normally distributed
What is the probability exactly one of the three audited had a charitable deduction of more than $1,000? What is the probability at least one of the audited returns had a charitable contribution of more than $1,000?
Calculate the suitable mean response time from both proposed locations and find out which proposed site must be selected for the new emergency facility.
Using random numbers of 0.1567, 0.9823, 0.3419, 0.5572 and 0.7758, compute the time required for each of five simulated maintenance checks of the airplane's landing gear.
Multiple comparison procedures are going to be done using the Bonferroni method with α = 0.10. The value of t** is 2.2426. The smallest minimum significant difference (MSD) for finding a difference between groups is computed as 17.68. The correct ..
The flashlight batteries produced by one of the northern manufacturers are known to have an average life of 60 hours with a standard deviation of 4 hours. Use Chebyshev's theorem to answer the following questions.
consider a standard deck of 52 cards which is shuffled so the cards are randomly ordered in the deck. five cards are
A survey of 800 women shoppers found that 17% of them shop on impulse. What is the 98% confidence interval for the true proportion of women shoppers who shop on impulse?
the author recorded actual temperatures along with temperatures that were predicted 5 days earlier. results are listed
four machines were compared with respect to the mean length of a common product that they produce. random samples of 5
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