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1. 2152-BSTAT-3322-001-BUSINESS-STATISTICS-II--2015-Spring

2. TEST
3. Review Test Submission: Participation quiz 6 Spring,2015

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TEST

Review Test Submission: Participation quiz 6

Spring,2015
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Test
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Mohamed Yusuf Shire

2152-BSTAT-3322-001-BUSINESS-STATISTICS-II--2015-Spring
Participation quiz 6 Spring,2015
4/15/15 11:03 AM
4/15/15 11:19 AM
4/15/15 11:30 AM
Completed
3 out of 0 points

Time Elapsed 15 minutes out of 17 minutes

Results Displayed Submitted Answers, Correct Answers

Question 1
0 out of 0.5 points (Extra Credit)

The annual multiplicative time-series model does not possess ________ component.
Selected Answer:
Correct Answer:

a cyclical
a seasonal

Question 2
0.5 out of 0.5 points (Extra Credit)

TABLE 16-3
The following table contains the number of complaints received in a department store for the
first 6 months of the year.

Referring to Table 16-3, using exponential smoothing, suppose the last two smoothed values
for May and June are 115 and 150 respectively. What would you forecast as the value of the
time series for September?
Selected Answer:
150
Correct Answer:
150

 Question 3
0.5 out of 0.5 points (Extra Credit)

After estimating a trend model for annual time-series data, you obtain the following residual
plot against time:

The problem with your model is that

Selected Answer:
Correct Answer:

the trend component has not been accounted for.

the trend component has not been accounted for.

Question 4
0 out of 0.5 points (Extra Credit)

Which of the following statements about moving averages is not true?

Selected Answer:
Correct Answer:

It gives equal weight to all values in the computation.

It gives greater weight to more recent data.

Question 5
0.5 out of 0.5 points (Extra Credit)

To assess the adequacy of a forecasting model, one measure that is often used is
Selected Answer:
Correct Answer:

the MAD.
the MAD.

Question 6
0.5 out of 0.5 points (Extra Credit)

The following is the list of MAD statistics for each of the models you have estimated from
time-series data:

Based on the MAD criterion, the most appropriate model is

Selected Answer:
Correct Answer:

AR(2).
AR(2).

Question 7
0 out of 0.5 points (Extra Credit)

True or False: A least squares linear trend line is just a simple regression line with the years
recoded.
Selected Answer:
Correct Answer:

Question 8
0 out of 0.5 points (Extra Credit)

False
True

The method of least squares is used on time-series data for

Selected Answer:
Correct Answer:

eliminating irregular movements.

obtaining the trend equation.

Question 9
0.5 out of 0.5 points (Extra Credit)

Based on the following scatter plot, which of the time-series components is not present in this
quarterly time series?

Selected Answer:
Correct Answer:

cyclical
cyclical

Question 10
0.5 out of 0.5 points (Extra Credit)

The overall upward or downward pattern of the data in an annual time series will be
contained in the ________ component.
Selected Answer:
Correct Answer:

trend

trend

Question 11
0 out of 0.5 points (Extra Credit)

TABLE 16-3
The following table contains the number of complaints received in a department store for the
first 6 months of last year.

Referring to Table 16-3, if a three-month moving average is used to smooth this series, what
would be the last calculated value?
Selected Answer:
Correct Answer:

126
114

Question 12
0 out of 0.5 points (Extra Credit)

TABLE 16-3
The following table contains the number of complaints received in a department store for the
first 6 months of last year.

Referring to Table 16-3, if this series is smoothed using exponential smoothing with a
smoothing constant of 1/3, what would be the third value?
Selected Answer:
Correct Answer:

68
53

Wednesday, April 15, 2015 11:25:56 AM CDT

OK