Questions from Business Statistics


Q: Why is it necessary to identify the purpose and audience of a

Why is it necessary to identify the purpose and audience of a report?

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Q: Give some reasons why you might want to include statistical results in

Give some reasons why you might want to include statistical results in a report.

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Q: a. What salary would you expect for an individual with no

a. What salary would you expect for an individual with no (zero years of) experience? b. Find the 95% confidence interval for the salary of a new individual (from the same population from which the da...

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Q: Should you leave key results out of the executive summary, ending

Should you leave key results out of the executive summary, ending it with a sentence such as “We have examined these issues and have come up with some recommendations.” Why or why not?

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Q: a. What kind of material appears in the analysis and methods

a. What kind of material appears in the analysis and methods section? b. Should you describe everything you have examined in the analysis and methods section? Why or why not?

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Q: a. Define a first-order moving-average process in

a. Define a first-order moving-average process in terms of the relationship between successive observations. b. What is a moving-average process a moving average of? c. Describe the forecasts for two...

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Q: a. Define a first-order ARMA process in terms of

a. Define a first-order ARMA process in terms of the relationship between successive observations. b. What parameter value would you set equal to zero in an ARMA process in order to have an autoregres...

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Q: a. Define a random walk in terms of the relationship between

a. Define a random walk in terms of the relationship between successive observations. b. Carefully distinguish a random noise process from a random walk. c. Comment on the following: If it is a random...

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Q: a. Define a first-order ARIMA process in terms of

a. Define a first-order ARIMA process in terms of the relationship between successive observations. b. What parameter values would you set equal to zero in an ARIMA process in order to have a random w...

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Q: a. What is a forecast? b. What are

a. What is a forecast? b. What are the forecast limits? c. What role does a mathematical model play in forecasting? d. Why does not trend-seasonal analysis produce forecast limits?

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