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BA 310 Applied Statistics for Business DecisionsFA 2016Exam 4True/False Questions (1 point each) No work needs to be shown for this section1)Episodic and residual variations can be projected into the future. True False2)In the linear trend equation, the letter "b" is the average change in Ŷfor each change of one unit (either increase or decrease) in t. True False3)In the final step, using the ratio-to-moving-average method, the total of the 12 modified means should theoretically be equal to 1,200 because the average of the 12 months is designated as 100. True False4)Knowing the seasonal pattern in the form of indexes allows the retailer to deseasonalize sales. This is accomplished by dividing the actual sales for a month by the typical index for that month. True False5)A typical seasonal index of 103.7 for January indicates that sales for January are below the annual average. True False6)If the trend equation is Ŷ = 10 + 100t, the forecasted value increases 100 units for the next time period, t.
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Personnel manager,3-year,1 degrees,Chi-square distribution