27/12/2023, 12:35 Test Your Understanding : 5.1.

1 Measures of Linear Relationship: Covariance and Correlation: Introduction: Attempt review

Rank and orderings are correlated in which of the following?

Select one:
a. Correlation
b. Tau
c. Covariance
d. Spearman's r

Your answer is correct.

The correct answer is: Spearman's r

Question 2
A measure of the extent to which two factors vary together, and thus Correct
of how well either factor predicts the other, is termed as ________. Mark 1.00 out of
1.00
Flag question
Select one:
a. Kendall's Tau
b. Anscombe's Quartet
c. Correlation
d. Covariance

Your answer is correct.

The correct answer is: Correlation

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178136&cmid=114899 1/1
27/12/2023, 12:35 Test Your Understanding : 5.1.2 Measuring Relationship Covariance: Attempt review

The simplest way to look at whether two variables are associated is

to look at whether they _____
Select one:
a. Covary
b. Correlate
c. have coefficient of correlation 1
d. have coefficient of correlation 1

Your answer is correct.

The correct answer is: Covary

Question 2
When we multiply the deviations of one variable by the Correct
corresponding deviations of a second variable, we get what is known Mark 1.00 out of
as the __________. 1.00
Flag question
Select one:
a. Product of variables
b. Product of mutilated variables
c. cross-product deviations
d. All of these

Your answer is correct.

The correct answer is: cross-product deviations

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178170&cmid=114900 1/1
27/12/2023, 12:35 Test Your Understanding : 5.1.3 Measuring Relationship Pearson R: Attempt review

To overcome the problem of dependence on the measurement

scale, we need to convert the covariance into a standard set of units.
The process is called _____.
Select one:
a. neutralization
b. immunization
c. standardization
d. none of these

Your answer is correct.

The correct answer is: standardization

Question 2
r_xy= Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. Cov_xy/S_x -S_y
b. Cov_xy/S_x/ S_y
c. Cov_xy/S_x S_y
d. Cov_xy*S_x /S_y

Your answer is correct.

The correct answer is: Cov_xy/S_x S_y

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178228&cmid=114901 1/1
27/12/2023, 12:36 Test Your Understanding : 5.1.4 Covariance and Correlation: Application in Real Life: Attempt review

If the coefficient of correlation for a certain set of variables comes

out to be 0.73, then which amongst the following can be called as a
correct statement?
Select one:
a. There is strong negative correlation
b. There is a strong positive correlation
c. There is a weak positive correlation
d. There is no correlation

Your answer is correct.

The correct answer is: There is a strong positive correlation

Question 2
Which amongst the following is the formula for covariance? Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. ∑(x-¯x)/(y-¯y)*(n-1)
b. ∑(x-¯x)*(y-¯y)/∑(n-1)
c. ∑(x+¯x)(y+¯y)/(n-1)
d. ∑(x-¯x)(y-¯y)/(n-1)

Your answer is correct.

The correct answer is: ∑(x-¯x)(y-¯y)/(n-1)

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178285&cmid=114902 1/1
27/12/2023, 12:36 Test Your Understanding : 5.1.5 Types of Correlation: Attempt review

On the basis of degree of correlation, it can be subcategorised as

______
Select one:
a. Linear
b. Non - Linear
c. Both of these
d. None of these

Your answer is correct.

The correct answer is: None of these

Question 2
If two variable are there in picture, the average cigarette Correct
consumption of a person and number of years he live , then it will Mark 1.00 out of
have _____ type of correlation. 1.00
Flag question
Select one:
a. Positive
b. Negative
c. Zero
d. Linear

Your answer is correct.

The correct answer is: Negative

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178330&cmid=114903 1/1
27/12/2023, 12:36 Test Your Understanding : 5.1.6 Karl Pearson’s Coefficient of Correlation: Introduction: Attempt review

Highest value of coefficient of correlation can be ____

Select one:
a. 0
b. 1
c. -1
d. infinte

Your answer is correct.

The correct answer is: 1

Question 2
Which amongst the following is not needed in order to find Correct
correlation coefficient by Karl Pearson method? Mark 1.00 out of
1.00
Flag question
Select one:
a. Standard deviation of variables
b. Covariance of variables
c. Total number of observations into consideration
d. None of these

Your answer is correct.

The correct answer is: None of these

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178383&cmid=114904 1/1
27/12/2023, 12:37 Test Your Understanding : 5.1.7 Spearman Rank Correlation Method: Introduction: Attempt review

Rank correlation method can be used for ____ type of data

Select one:
a. Continuous
b. Ordinal
c. Nominal
d. Discrete

Your answer is correct.

The correct answer is: Ordinal

Question 2
Formula for rank correlation coefficient is ______ Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. 1-[(∑6D)/(n(n^2-1))]
b. 1-[(∑6D^2)/(n^2-1)]
c. 1-[(∑6D^2)/(n(n-1))]
d. None of these

Your answer is correct.

The correct answer is: None of these

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178429&cmid=114905 1/1
27/12/2023, 13:12 Test Your Understanding : 5.1.8 Coefficient of Correlation - Karl Pearson and Spearman Rank Correlation Application/Industry Example: …

Suppose the sample Pearson correlation coefficient (r) is estimated

to be .75 with a sample size of 35. The correct calculated value of
the test statistic for a null of zero correlation is:
Select one:
a. 6.5
b. 8.6
c. 44.1
d. 2.5

Your answer is correct.

The correct answer is: 6.5

Question 2
For a collection of 15 X-Y data values, the sample correlation Correct
coefficient was estimated at -.63 from a sample of size 15. The Mark 1.00 out of
calculated t value for a null of zero correlation is: 1.00
Flag question
Select one:
a. 2.92
b. 1.92
c. -2.92
d. -1.92

Your answer is correct.

The correct answer is: -2.92

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178474&cmid=114906 1/1
27/12/2023, 13:12 Test Your Understanding : 5.1.9 Regression Model: Attempt review

Regression model includes:

Select one:
a. technique concerned with predicting some variables by
knowing others
b. The process of predicting variable Y using variable X
c. Telling you how values in y change as a function of changes
in values of x
d. All of these

Your answer is correct.

The correct answer is: All of these

Question 2
Simple regression fits a ________to the data Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. straight line
b. parabola
c. hyperbola
d. none of these

Your answer is correct.

The correct answer is: straight line

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178677&cmid=114907 1/1
27/12/2023, 13:13 Test Your Understanding : 5.1.10 Curve Fitting- Part II : Attempt review

Curve fitting can be described as ________

Select one:
a. process of constructing a curve
b. process of constructing a mathematical function
c. having best fit to a series of data points, possibly subject to
constraints
d. all of the above

Your answer is correct.

The correct answer is: all of the above

Question 2
Which amongst the following can be considered as an approach for Correct
curve fitting? Mark 1.00 out of
1.00
Flag question
Select one:
a. Least squares regression
b. Interpolation
c. Both of these
d. None of these

Your answer is correct.

The correct answer is: Both of these

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178735&cmid=114910 1/1
27/12/2023, 13:13 Test Your Understanding : 5.1.10 Least Square Method- Part I: Attempt review

_______ is used when the outcome variable is continuous (a ratio or

interval variable).

Select one:
a. Effect modification
b. Logistic regression models
c. Making a regression model
d. linear regression model

Your answer is correct.

The correct answer is: linear regression model

Question 2
_____ seek to understand the relationship between one or more Correct
independent variables (predictor, outcome variable) Mark 1.00 out of
1.00
Flag question
Select one:
a. Simple linear regression
b. log-rank tests
c. Regression models
d. Effect modification

Your answer is correct.

The correct answer is: Regression models

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178721&cmid=114908 1/1
27/12/2023, 13:13 Test Your Understanding : 5.1.11 Assessing the Model (Analysis and Interpretation of Excel Output only): Attempt review

MSR/MSE are _______

Select one:
a. F test statistic
b. t test statistics
c. a perfect fit
d. Least squares criterion

Your answer is correct.

The correct answer is: Least squares criterion

Question 2
If every value of the dependent variable happened to lie on the Correct
estimated regression line the estimated regression equation would Mark 1.00 out of
provide ______ 1.00
Flag question
Select one:
a. Value -1
b. Correlation Coefficient
c. Coefficient of Determination
d. A perfect fit

Your answer is correct.

The correct answer is: Coefficient of Determination

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178780&cmid=114911 1/1
27/12/2023, 13:14 Test Your Understanding : 5.1.12 Standard Error of Estimate: Attempt review

alues +/- 1.65 corresponds to _________

Select one:
a. 95% confidence interval
b. 99% confidence interval
c. 90% confidence interval
d. 68% confidence interval

Your answer is correct.

The correct answer is: 90% confidence interval

Question 2
Values +/- 1.96 corresponds to _________ Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. 90% confidence interval
b. 95% confidence interval
c. 99% confidence interval
d. 68% confidence interval

Your answer is correct.

The correct answer is: 95% confidence interval

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178816&cmid=114912 1/1
27/12/2023, 13:14 Test Your Understanding : 5.1.13 Coefficient of Determination: Attempt review

Coefficient of determination is the measure of the proportion of

variability in the variable that can be “explained” by a linear
relationship between the variables x and y.
Select one:
a. Yes
b. No
c. Can't say
d. Absurd

Your answer is correct.

The correct answer is: Yes

Question 2
Sum of squares of vertical distances can also be called as ________ Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. Measures the total variation in the y-values
b. sum of (y-ybar)^2
c. both of these
d. None of these

Your answer is correct.

The correct answer is: both of these

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178863&cmid=114913 1/1
27/12/2023, 13:14 Test Your Understanding : 5.2.1 Part I - Time Series - Intro: Attempt review

When situation is vague & little data exist, ________ method is used.

Select one:
a. Qualitative
b. Quantitative
c. Both of these
d. None of these

Your answer is correct.

The correct answer is: Qualitative

Question 2
The cyclical component of time-series data is usually estimated Correct
using ________ Mark 1.00 out of
1.00
Flag question
Select one:
a. linear regression analysis
b. moving averages
c. exponential smoothing
d. qualitative methods

Your answer is correct.

The correct answer is: qualitative methods

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178894&cmid=114914 1/1
27/12/2023, 13:15 Test Your Understanding : 5.2.1 Part II - Time Series - Intro: Attempt review

Quiz na
You have five years of past sales data; however, there have been changes to products and target market focus 1 2
over the past few years when compared to the previous period. What forecasting method would take this into
account and still be simple to use?
Show o
Finish r
Select one:
a. Delphi method
b. Exponential smoothing
c. moving averages method
d. none of these

Your answer is correct.

The correct answer is: Exponential smoothing

Question 2

The Exponential Smoothing method is most closely aligned to this sales forecasting method: Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. Delhi method
b. exponential smoothning
c. moving averages
d. none of these

Your answer is correct.

The correct answer is: moving averages

Finish review

◀︎5.2.1 Part II - Time Series - Intro

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178093&cmid=114915 1/1
27/12/2023, 13:15 Test Your Understanding : 5.2.1 Part III - Time Series - Intro: Attempt review

Quadratic Time-Series Forecasting Model is used for ____________

Select one:
a. forecasting trend
b. determining relationship between response variable Y & time
X is a quadratic function
c. both of these
d. none of these

Your answer is correct.

The correct answer is: both of these

Question 2
Trend projection is an example of which kind of forecasting? Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. Qualitative
b. Time Series
c. Barometric
d. Econometric

Your answer is correct.

The correct answer is: Time Series

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178060&cmid=114916 1/1
27/12/2023, 13:16 Test Your Understanding : 5.2.2 Secular Trend and it Measurement: Attempt review

Which amongst the following can be considered as an example of

secular trend?

Select one:
a. changes in productivity
b. increase in the rate of capital formation
c. growth of population
d. All of these

Your answer is correct.

The correct answer is: All of these

Question 2
Trend is measured using ________ method Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. Graphical
b. Semi Averages
c. Moving averages
d. All of these

Your answer is correct.

The correct answer is: All of these

Finish review

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3178011&cmid=114917 1/1
27/12/2023, 13:16 Test Your Understanding : 5.2.3 Seasonal Variation and its Measurement: Attempt review

Which amongst the following can be considered as an example of

seasonal variation?

Select one:
a. production of cold drinks
b. Sales of sarees in a cloth store
c. both of these
d. None of these

Your answer is correct.

The correct answer is: both of these

Question 2
Which amongst the following are methods of constructing seasonal Correct
indices. Mark 1.00 out of
1.00
Flag question
Select one:
a. Simple averages method
b. Ratio to trend method
c. Link relatives' method
d. All of these

Your answer is correct.

The correct answer is: All of these

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3177987&cmid=114919 1/1
27/12/2023, 13:16 Test Your Understanding : 5.2.4 Cyclical and Irregular Variation and its Measurement: Attempt review

Cyclical variations are regular just like seasonal variations.

Select one:
a. true
b. false
c. can't say
d. absurd

Your answer is correct.

The correct answer is: false

Question 2
Which amongst the following are methods of measuring the Cyclical Correct
Variations? Mark 1.00 out of
1.00
Flag question
Select one:
a. Residual method
b. Direct percentage method
c. Harmonic analysis method
d. All of these

Your answer is correct.

The correct answer is: All of these

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3177956&cmid=114920 1/1
27/12/2023, 13:17 Test Your Understanding : 5.2.5 Numerical Application of Trend Analysis only: Attempt review

A trendline is commonly used to _________

Select one:
a. observe the general trend in your current data
b. project future data movements
c. both of these
d. none of these

Your answer is correct.

The correct answer is: both of these

Question 2
Moving average can also be called as ________ Correct
Mark 1.00 out of
1.00
Select one: Flag question
a. rolling average
b. running average
c. speeding average
d. option "i" and "ii"

Your answer is correct.

The correct answer is: option "i" and "ii"

https://amigo.amityonline.com/mod/quiz/review.php?attempt=3177879&cmid=114921 1/1
17/12/2023, 21:20 5th Module Assessment

Dashboard / My courses / Statistics for Management (QAM601)-Semester I / #Module V Forecasting Techniques

/ 5th Module Assessment

Question 1
Not yet answered
Marked out of 1.00

In the regression equation Y=21-3X, the slope is:

a. 21
b. -21
c. 3
d. -3
Clear my choice

Question 2
Not yet answered
Marked out of 1.00

The correlation coefficient describes:

a. Magnitude
b. Direction
c. Both magnitude and direction
d. None of these
Clear my choice

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 1/7
17/12/2023, 21:20 5th Module Assessment

Question 3
Not yet answered
Marked out of 1.00

What does the correlation measure?

a. Strength and direction of the linear relationship between two variables

b. Difference between the mean values of two variables
c. Variability within a single variable
d. Proportional change in one variable due to a unit change in another variable
Clear my choice

Question 4
Not yet answered
Marked out of 1.00

Which of the following time series components is associated with long-term movement in the data?

a. Trend
b. Seasonality
c. Cyclical
d. Random
Clear my choice

Question 5
Not yet answered
Marked out of 1.00

The correlation for the values of two variables moving in the opposite direction is

a. Positive
b. Negative
c. Non-linear
d. Linear
Clear my choice

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 2/7
17/12/2023, 21:20 5th Module Assessment

Question 6
Not yet answered
Marked out of 1.00

Which of the following is NOT a characteristic of time series data?

a. Seasonality
b. Trend
c. Randomness
d. Cross-sectional variation
Clear my choice

Question 7
Not yet answered
Marked out of 1.00

Time series analysis is used for studying data that is:

a. Collected at random intervals

b. Collected over a period of time
c. Collected from a single point in time
d. Collected from a cross-sectional study
Clear my choice

Question 8
Not yet answered
Marked out of 1.00

In the regression equation, Y=75.65+0.50X, the intercept is

a. 0.5
b. 75.65
c. 1
d. Undeterminable
Clear my choice

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 3/7
17/12/2023, 21:20 5th Module Assessment

Question 9
Not yet answered
Marked out of 1.00

The slope of a regression line represents:

a. The average change in the dependent variable for a unit change in the independent variable
b. The intercept of the regression line
c. The correlation coefficient between the variables
d. The residual value in regression analysis
Clear my choice

Question 10
Not yet answered
Marked out of 1.00

The correlation coefficient ranges between:

a. [-1,1]
b. [0,1]
c. (-∞ , ∞)
d. (-1,0)
Clear my choice

Question 11
Not yet answered
Marked out of 2.00

The coefficient of correlation if the two regression coefficients are 0.5 and 0.8 is

a. 0.4
b. 0.5
c. 0.6
d. 0.7
Clear my choice

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 4/7
17/12/2023, 21:20 5th Module Assessment

Question 12
Not yet answered
Marked out of 2.00

Which statement best describes correlation and regression analysis?

a. Correlation determines the causality between variables, while regression predicts the values of dependent
variables.
b. Correlation measures the strength and direction of the linear relationship, while regression predicts the values
of dependent variables based on independent variables.
c. Correlation measures the spread of data, while regression measures the variability of data.
d. Correlation and regression are both used to determine the mean and median of a dataset.
Clear my choice

Question 13
Not yet answered
Marked out of 2.00

Which of the following statements is true about the secular trend in a time series?

a. It remains constant over time.

b. It exhibits a predictable pattern that repeats itself at regular intervals.
c. It is unrelated to the time of year
d. It is not relevant for time series analysis
Clear my choice

Question 14
Not yet answered
Marked out of 2.00

Choose the correct example for positive correlation:

a. Weight and income

b. Price and demand
c. The repayment period and EMI
d. Income and expenditure
Clear my choice

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 5/7
17/12/2023, 21:20 5th Module Assessment

Question 15
Not yet answered
Marked out of 4.00

The following data represents the scores of two variables, x and y: x: 10, 15, 20, 25, 30 y: 20, 25, 30, 35, 40 The
correlation coefficient between x and y is:

a. 0.7
b. 0.8
c. 0.9
d. 1
Clear my choice

Question 16
Not yet answered
Marked out of 4.00

For the following data: x: 80, 78, 75, 75, 68, 57, 60, 59 y: 110, 111, 114, 114, 114, 116, 115, 117 The coefficient of rank
correaltion is:

a. -0.93
b. 0.93
c. -0.98
d. 0.98
Clear my choice

Question 17
Not yet answered
Marked out of 4.00

In a simple linear regression analysis, the following data represents the relationship between x and y: x: 5, 10, 15, 20,
25 y: 12, 18, 24, 30, 36 Calculate the equation of the regression line y on x:

a. x=1.2y+6
b. y=1.2x+6
c. x=1.5y+8
d. y=1.5x+8
Clear my choice

◀︎5.2.6 Case Study

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 6/7
17/12/2023, 21:20 5th Module Assessment

Jump to...
Module 5 Feedback Form ▶︎

https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=3759681&cmid=114940 7/7