Time-series analysis is based on the assumption that: a. there are dependable correlations between the variable to be forecast and other independent variables. b. random error terms are normally distributed. c. the data do not exhibit a trend. d. past patterns in the variable to be forecast will continue unchanged into the future
Time-series analysis is based on the assumption that: a. there are dependable correlations between the variable to be forecast and other independent variables. b. random error terms are normally distributed. c. the data do not exhibit a trend. d. past patterns in the variable to be forecast will continue unchanged into the future
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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Time-series analysis is based on the assumption that:
a.
there are dependable correlations between the variable to be forecast and other independent variables.
b.
random error terms are normally distributed .
c.
the data do not exhibit a trend.
d.
past patterns in the variable to be forecast will continue unchanged into the future.
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