4/22/2018 Multiple Choice Quiz

Home
Instructor Resources
Student Resources
Chapter 1
Multiple Choice Quiz - Results
Chapter 2 You answered 0 out of 20 questions correctly, for a score
Chapter 3 of 0%.
Chapter 4
1. Incorrect. You did not provide an answer.
Chapter 5
Chapter 6 A qualitative forecast
Chapter Overview
The correct answer was: b. predicts the direction, but not
True/False Quiz the magnitude, of change in a variable..
Multiple Choice Quiz
Case Problem Sets
2. Incorrect. You did not provide an answer.
Web Links
Which of the following is not a qualitative forecasting
Online Resources technique?
Chapter 7
The correct answer was: d. Time-series analysis.
Chapter 8
Chapter 9 3. Incorrect. You did not provide an answer.
Chapter 10
The first step in time-series analysis is to
Chapter 11
Chapter 12 The correct answer was: c. plot the data on a graph..
Chapter 13
4. Incorrect. You did not provide an answer.
Chapter 14
Chapter 15 Forecasts are referred to as naive if they
Contact
The correct answer was: a. are based only on past values
Linear Programming Chapter of the variable..

5. Incorrect. You did not provide an answer.

Time-series analysis is based on the assumption that

The correct answer was: c. past patterns in the variable

Contact Your Sales Rep to be forecast will continue unchanged into the future..
Higher Education Comment
6. Incorrect. You did not provide an answer.
Card

Which of the following is not one of the four types of

variation that is estimated in time-series analysis?

The correct answer was: a. Predictable.

7. Incorrect. You did not provide an answer.

The cyclical component of time-series data is usually

estimated using

The correct answer was: d. qualitative methods..

8. Incorrect. You did not provide an answer.

In time-series analysis, which source of variation can be

estimated by the ratio-to-trend method?

https://global.oup.com/us/companion.websites/9780199811786/student/chapt6/multiplechoice/ 1/3
4/22/2018 Multiple Choice Quiz
The correct answer was: c. Seasonal.

9. Incorrect. You did not provide an answer.

If regression analysis is used to estimate the linear

relationship between the natural logarithm of the variable
to be forecast and time, then the slope estimate is equal
to

The correct answer was: c. the natural logarithm of one

plus the rate of growth..

10. Incorrect. You did not provide an answer.

The use of a smoothing technique is appropriate when

The correct answer was: a. random behavior is the

primary source of variation..

11. Incorrect. You did not provide an answer.

The greatest smoothing effect is obtained by using

The correct answer was: b. exponential smoothing with a

small weight value..

12. Incorrect. You did not provide an answer.

The root-mean-square error is a measure of

The correct answer was: d. forecast accuracy..

13. Incorrect. You did not provide an answer.

Barometric methods are used to forecast

The correct answer was: c. cyclical variation..

14. Incorrect. You did not provide an answer.

A leading indicator is a measure that usually

The correct answer was: c. changes in the same direction

as the general economy before the general economy
changes..

15. Incorrect. You did not provide an answer.

If 3 of the leading indicators move up, 2 move down, and

the remaining 6 are constant, then the diffusion index is

The correct answer was: b. 3/11 = 27%.

16. Incorrect. You did not provide an answer.

A single-equation econometric model of the demand for a

product is a ________ equation in which the quantity
demanded of the product is an ________ variable.

The correct answer was: b. structural, endogenous.

17. Incorrect. You did not provide an answer.

A reduced form equation expresses

The correct answer was: b. an endogenous variable as a

function of exogenous variables..

18. Incorrect. You did not provide an answer.

Trend projection is an example of which kind of

forecasting?

The correct answer was: b. Time-series.

https://global.oup.com/us/companion.websites/9780199811786/student/chapt6/multiplechoice/ 2/3
4/22/2018 Multiple Choice Quiz
19. Incorrect. You did not provide an answer.

Turning points in the level of economic activity can be

forecast by using

The correct answer was: c. Barometric methods.

20. Incorrect. You did not provide an answer.

Econometric forecasts require

The correct answer was: d. all of the above..

Website Terms and Conditions and Privacy Policy

Please send comments or suggestions about this Website to
custserv.us@oup.com

https://global.oup.com/us/companion.websites/9780199811786/student/chapt6/multiplechoice/ 3/3