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Based on the following graphs (next page) you should write a discussion report (2 pages) on:
1. Determination of whether the open-loop system response is consistent with a 1st order system, by analysis of the time response and the system diagram.
2. Determination of the time constant and gain best describing system behaviour if treated as a 1st order system.
3. Discussing the closed loop response:
Graphs:
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Theories of Business forecasting
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For each of the following situations choose the statistical model that you find to be the most appropriate. Justify your choice. a) We are interested in assessing the effects of
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