Summarize statistical methods used in forecasting and the types of time series to
which they are most appropriate.
A times series is a sequence of data points made over a continuous time interval, out of a
successive measurements across that interval. It
Probability is the extent to which an event is likely to occur, measured by the ratio of the
favorable cases to the whole number of cases possible. There are three perspectives of
probability: classical definition, relative frequency definition, and subje
Statistics is important to any business because it allows the business to analyze and
prepare for uncertainties. Managers are able to use reliable data versus assumption to
make confident judgment calls. Using data gathered from statistical analysis sets
Explain the difference between the null hypothesis and alternative hypothesis.
Which one can be proven in a statistical sense
In statistical hypothesis testing, the null hypothesis and the alternative hypothesis are two
rival hypotheses, which are compare