Exam 15: Time Series Analysis and Forecastng

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Below you are given information on crime statistics for Middletown. Below you are given information on crime statistics for Middletown.    The seasonal factors for these data are     a.Deseasonalize the series. b.Obtain an estimate of the linear trend for this series. c.Use the seasonal and trend components to forecast the number of crimes for each quarter of Year 5. The seasonal factors for these data are Below you are given information on crime statistics for Middletown.    The seasonal factors for these data are     a.Deseasonalize the series. b.Obtain an estimate of the linear trend for this series. c.Use the seasonal and trend components to forecast the number of crimes for each quarter of Year 5. a.Deseasonalize the series. b.Obtain an estimate of the linear trend for this series. c.Use the seasonal and trend components to forecast the number of crimes for each quarter of Year 5.

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All of the following are true about time series methods except

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For the following time series, you are given the moving average forecast. For the following time series, you are given the moving average forecast.   The mean squared error equals The mean squared error equals

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A parameter of the exponential smoothing model which provides the weight given to the most recent time series value in the calculation of the forecast value is known as the

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Exhibit 15-1 Below you are given the first five values of a quarterly time series. The multiplicative model is appropriate and a four-quarter moving average will be used. Exhibit 15-1 Below you are given the first five values of a quarterly time series. The multiplicative model is appropriate and a four-quarter moving average will be used.    -Refer to Exhibit 15-1. An estimate of the trend component times the cyclical component (T<sub>2</sub>C<sub>t</sub>) for Quarter 3 of Year 1, when a four-quarter moving average is used, is -Refer to Exhibit 15-1. An estimate of the trend component times the cyclical component (T2Ct) for Quarter 3 of Year 1, when a four-quarter moving average is used, is

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A group of observations measured at successive time intervals is known as

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The sales volumes of CMM, Inc., a computer firm, for the past 8 years is given below. The sales volumes of CMM, Inc., a computer firm, for the past 8 years is given below.     a.Develop a linear trend expression for the above time series. b.Forecast sales for period 9. a.Develop a linear trend expression for the above time series. b.Forecast sales for period 9.

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The following linear trend expression was estimated using a time series with 17 time periods. Tt = 129.2 + 3.8t The trend projection for time period 18 is

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Holt's linear exponential smoothing is often called

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A seasonal pattern

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Exhibit 15-2 Consider the following time series. Exhibit 15-2 Consider the following time series.    -Refer to Exhibit 15-2. The intercept, b<sub>0</sub>, is -Refer to Exhibit 15-2. The intercept, b0, is

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The following information has been collected on the sales of greeting cards for the past 6 weeks. The following information has been collected on the sales of greeting cards for the past 6 weeks.     a.Produce exponential smoothing forecasts for the series using a smoothing constant of .2. b.Compute the mean square error for the forecasts produced with a smoothing constant of .2. c.What is the forecast of sales for week 7? d.Is a smoothing constant of .2 or .3 better for the sales data? Explain. a.Produce exponential smoothing forecasts for the series using a smoothing constant of .2. b.Compute the mean square error for the forecasts produced with a smoothing constant of .2. c.What is the forecast of sales for week 7? d.Is a smoothing constant of .2 or .3 better for the sales data? Explain.

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The forecasting method that is appropriate when the time series has no significant trend, cyclical, or seasonal effect is

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Exhibit 15-1 Below you are given the first five values of a quarterly time series. The multiplicative model is appropriate and a four-quarter moving average will be used. Exhibit 15-1 Below you are given the first five values of a quarterly time series. The multiplicative model is appropriate and a four-quarter moving average will be used.    -Refer to Exhibit 15-1. An estimate of the seasonal-irregular component for Quarter 3 of Year 1 is -Refer to Exhibit 15-1. An estimate of the seasonal-irregular component for Quarter 3 of Year 1 is

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Exhibit 15-3 Consider the following time series. Exhibit 15-3 Consider the following time series.    -Refer to Exhibit 15-3. In which time period does the value of Y<sub>i</sub> reach zero? -Refer to Exhibit 15-3. In which time period does the value of Yi reach zero?

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Four months ago, the Bank Drug Company introduced Jeffrey William brand designer bandages. Advertised using the slogan, "What the best dressed cuts are wearing", weekly sales for this period (in 1000's) have been as follows: Four months ago, the Bank Drug Company introduced Jeffrey William brand designer bandages. Advertised using the slogan, What the best dressed cuts are wearing, weekly sales for this period (in 1000's) have been as follows:    a) Plot a graph of sales vs. weeks. Does linear trend appear reasonable? b) Assuming linear trend, forecast sales for weeks 17, 18, 19, and 20. a) Plot a graph of sales vs. weeks. Does linear trend appear reasonable? b) Assuming linear trend, forecast sales for weeks 17, 18, 19, and 20.

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Below you are given information on John's income for the past 7 years. Below you are given information on John's income for the past 7 years.     a.Use regression analysis to obtain an expression for the linear trend component. b.Forecast John's income for the next 5 years. a.Use regression analysis to obtain an expression for the linear trend component. b.Forecast John's income for the next 5 years.

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The number of new central air conditioning systems installed by CoolBreeze, Inc. in each of the last nine years are listed below. The number of new central air conditioning systems installed by CoolBreeze, Inc. in each of the last nine years are listed below.    Assuming a linear trend function, forecast the number of system installations CoolBreeze will perform in 2011 using linear trend regression. Assuming a linear trend function, forecast the number of system installations CoolBreeze will perform in 2011 using linear trend regression.

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Below you are given the first four values of a time series. Below you are given the first four values of a time series.   Using a 4-period moving average, the forecasted value for period 5 is Using a 4-period moving average, the forecasted value for period 5 is

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In the linear trend equation, Tt = b0 + b1t b1 represents the

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