In selecting an appropriate forecasting model, the following approaches are suggested:
A) Measure the size of the forecasting error. B) Use the principle of parsimony.
C) Perform a residual analysis. D) All of the above.
D
Business
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With a mint ratio of 15 ounces of silver to 1 ounce of gold and a market ratio of 15.5 ounces of silver to 1 ounce of gold:
a. gold coins should go out of circulation b. silver coins should go out of circulation c. paper money will predominate d. the bimetallic standard will be stable
Business
Daily highs in Sacramento for the past week (from least to most recent) were: 95, 102, 101, 96, 95, 90 and 92. Develop a forecast for today using a 3-day moving average
What will be an ideal response?
Business