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Statistics for business and economics

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The table below shows the quarterly sales of a particular kind of vaccine for dogs. The forecaster uses autoregressive models with p = 3 to forecast the sales for future time periods.

 

Year

Quarter

Sales

(000’s)

1.1

272

1.2

239

1.3

158

1.4

219

2.1

228

2.2

198

2.3

169

2.4

238

3.1

270

3.2

246

3.3

203

3.4

284

4.1

299

4.2

267

4.3

218

4.4

293

5.1

307

5.2

258

5.3

323

5.4

296

6.1

307

6.2

271

6.3

197

6.4

266

 

Which of the following has an approximate forecast of 270 units?

Give the answer as following:

X quarter in year X

View this question

The table below shows the quarterly sales of a particular kind of vaccine for dogs. The forecaster uses autoregressive models with p = 3 to forecast the sales for future time periods.

 

Year

Quarter

Sales

(000’s)

1.1

272

1.2

239

1.3

158

1.4

219

2.1

228

2.2

198

2.3

169

2.4

238

3.1

270

3.2

246

3.3

203

3.4

284

4.1

299

4.2

267

4.3

218

4.4

293

5.1

307

5.2

258

5.3

323

5.4

296

6.1

307

6.2

271

6.3

197

6.4

266

 

 The number of forecast values determined is:

View this question

The table below shows the quarterly sales of a particular kind of vaccine for dogs. The forecaster uses autoregressive models with p = 3 to forecast the sales for future time periods.

 

Year

Quarter

Sales

(000’s)

1.1

272

1.2

239

1.3

158

1.4

219

2.1

228

2.2

198

2.3

169

2.4

238

3.1

270

3.2

246

3.3

203

3.4

284

4.1

299

4.2

267

4.3

218

4.4

293

5.1

307

5.2

258

5.3

323

5.4

296

6.1

307

6.2

271

6.3

197

6.4

266

 

 The autoregressive equation is:

 

0%
0%
0%
100%
View this question

The table below shows the quarterly sales of Dragon Ball Z action figures in a toy store. The forecaster uses the double exponential smoothing model to determine the forecast for future periods.

Given: α = 0.7 and β = 0.3

 

Year:

Quarter

Sales

(000’s)

1.1

272

1.2

239

1.3

158

1.4

219

2.1

228

2.2

198

2.3

169

2.4

238

3.1

270

3.2

246

3.3

203

3.4

284

4.1

299

4.2

267

4.3

218

4.4

293

5.1

307

5.2

258

5.3

323

5.4

296

6.1

307

6.2

271

6.3

197

6.4

266

 

What is the approximate sales forecast (in 000's) for the 3rd quarter of year 8?

 120 units

0%
0%
0%
100%
View this question

The table below shows the quarterly sales of Dragon Ball Z action figures in a toy store. The forecaster uses the double exponential smoothing model to determine the forecast for future periods.

Given: α = 0.7 and β = 0.3

 

Year:

Quarter

Sales

(000’s)

1.1

272

1.2

239

1.3

158

1.4

219

2.1

228

2.2

198

2.3

169

2.4

238

3.1

270

3.2

246

3.3

203

3.4

284

4.1

299

4.2

267

4.3

218

4.4

293

5.1

307

5.2

258

5.3

323

5.4

296

6.1

307

6.2

271

6.3

197

6.4

266

 

 The sales forecast for the 4th quarter of year 7 is approximately ________ in 000's.

0%
100%
0%
0%
View this question

The table below shows the quarterly sales of a gifting store. The forecaster uses the Holt-Winters multiplicative model to determine the forecast for future periods.

Given: α = 0.6, β = 0.5, and γ = 0.4.

 

Year:

Quarter

Sales

1.1

150

1.2

284

1.3

119

1.4

115

2.1

187

2.2

266

2.3

138

2.4

116

3.1

170

3.2

221

3.3

124

3.4

121

 

What is the sales forecast for the 3rd quarter of year 4?

 approximately 133 units

0%
0%
0%
100%
View this question

Answer by TRUE (Vrai) or FALSE (Faux)

0%
100%
View this question

The table below shows the quarterly sales of a gifting store. The forecaster uses the Holt-Winters multiplicative model to determine the forecast for future periods.

Given: α = 0.6, β = 0.5, and γ = 0.4.

 

Year:

Quarter

Sales

1.1

150

1.2

284

1.3

119

1.4

115

2.1

187

2.2

266

2.3

138

2.4

116

3.1

170

3.2

221

3.3

124

3.4

121

 

 What is the sales forecast for the 3rd quarter of year 4?

100%
0%
0%
0%
View this question

The table below is the data set of the number of preorders received for a particular game on a weekly basis.

The forecaster uses the Holt-Winters Exponential Smoothing for nonseasonal series to forecast the number of preorders in future time periods.

He uses α = 0.8 and β = 0.5. (Hint: Use the formula from the text to arrive at the answers.)

 

Week

Preorders

1

266

2

310

3

330

4

342

5

388

6

462

7

548

8

624

9

666

10

686

11

726

 

 What is initial estimate of the trend value for week 2?

Write the answer as following :

XX

View this question

The following are the values of a time series for the first four time periods:

 

t

1

2

3

4

xt

25

27

30

26

 

Using a four-period moving average, determine the forecasted value for time period 5.

Write the answer as following:

XX

View this question

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