QMB 3200 MIDTERM EXAM 2024-2025 ACTUAL
EXAM 2 VERSIONS (VERSION A AND B)
COMPLETE ACTUAL EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS
Terms in this set (51)
Which of the following Time series techniques focus on the historical
statements regarding a behavior of some outcome of interest to predict its
time series technique is future behavior.
true?
Which time series Simple exponential smoothing
technique predicts a
future value by combining
the previous prediction
and some portion of the
error in the prediction?
Which of the following r-=0.931
correlation coefficient
values represents the
strongest positive
correlation between two
factors in a data set?
It is NOT possible for a False
forecast to be both
responsive and inaccurate.
a particularly high-impact incident of extreme
In a time series, what is a
consequence that is unexpected or considered highly
black swan?
improbable
, Calculating a regression the slope and intercept
equation for a given set of
data identifies the specific
values of ____
Averaging forecast errors mean error
over time results in the
performance measure
known as *****?
What is the ME for the 3
forecast errors of 5, 10, 0,
and -3?
one-time shocks to a time exogenous
series from a distinctly
external influence, such as
a sudden dip in consumer
sales after a disruptive
event, are called ____
variations
Several forecasting Delphi Groups
methods rely on insights
from a group of people,
but which method does
NOT have the group
discuss their opinions?
Which of the following MAD
forecasting measures
calculates the average of
the absolute values of a
set of forecast errors?
The alpha value (o) in the smoothing constant
exponential smoothing
formula is known as the
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