Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
Book Icon
Chapter 18, Problem 25CE
To determine

To explain: The type of time series pattern if a time series analysis reports that the seasonal indexes are all equal to 1.0 .

Blurred answer
Students have asked these similar questions
A consumer interest group is tracking the percentage of household income spent on gasoline over the past 30 years. Which graphical display would be more useful, a histogram or a time-series graph. Why? a. A histogram because the change in data over time is the most relevant issue.b. A time-series graph because the change in data over time is the most relevant issue.    c. A time-series graph because the range of values for the data is the most relevant issue.6. A histogram because the range of values for the data is the most relevant issue.
For the Texas Shipping Company, the monthly percentages of all shipments received on time over the past 12 months are 82, 86, 87, 89, 84, 85, 84, 86, 75, 95, 90, and 92. a. Construct a time series plot (you can include it in the work file question at the end, not here). Identify what type of pattern, if any, exists in the data? Compare the three-month moving average forecast with an exponential smoothing forecast for alpha= 0.25 and answer the following: b. MSE for 3-month moving average method c. MSE for exponential-smoothing method : d. Which method should be preferred? Answer "3-month MA" or "Exponential Smoothing": e. What is the forecast for next month using the preferred method?
It is claimed that Table 6 represents the seasonal factors obtained from a quarterly time series. Table 6 Quarter 1 2 3 4 Explain why this claim cannot be correct. Seasonal Factor -203.4 -81.6 24.1 -260.9
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Text book image
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781305652224
Author:Charles P. McKeague, Mark D. Turner
Publisher:Cengage Learning
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax