List the procedures for statistically adjusting data and briefly discuss the uses for each
What will be an ideal response?
In weighting, each case or respondent in the database is assigned a weight to reflect its importance relative to other cases or respondents. Weighting is most widely used to make the sample data more representative of a target population on specific characteristics.
Variable respecification involves the transformation of data to create new variables or modify existing variables. The purpose of respecification is to create new variables that are consistent with the objectives of the study.
Scale transformation involves a manipulation of scale values to ensure comparability with other scales or otherwise make the data suitable for analysis.
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A major reason that forecasting is so important in business is that
a. customers often demand forecasts before they purchase equipment. b. forecasts accurately describe a company's history. c. forecasts are good for spotting errors in current operations. d. spotting trends can give you an edge over the competition.
Two rooms in a house measure 20 ft.x15ft. and 20tf.x20ft. How many square yards (9 sq ft in 1 yard) of carpet would be needed to carpet both rooms.
A. 78 sq. yards. B. 230 sq. yards. C. 700 sq. yards. D. 1000sq. yards.