QMB 3200 MIDTERM UCF QUESTIONS AND ANSWERS

QMB 3200 MIDTERM UCF QUESTIONS AND ANSWERS
Question 1: Which of the following statements regarding
a time series technique is true?
CORRECT ANSWER: Time series techniques focus on
the historical behavior of some outcome of interest to
predict its future behavior.
Question 2: Which time series technique predicts a future
value by combining the previous prediction and some
portion of the error in the prediction?
CORRECT ANSWER: Simple exponential smoothing

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