Time Series Patterns Notes Questions with Answers PDF Download – Test 99

MCQ 491: Variations that do not follow any specific pattern is called:

1. Cyclic variations
2. Trend variations
3. Random/irregular variations
4. Seasonal variations

MCQ 492: Plan of action at the second step of graphical curve fitting method to find trend forecasting, is to:

1. Extending smooth line to predict
2. Plotting actual data
3. Draw a smooth line
4. Plotting future values

MCQ 493: One of the main drawback of graphical curve fitting is its dependence of forecasting upon:

1. Smoothness of line
2. Structural break period
3. Awareness of time duration
4. Average of data sections

MCQ 494: A set of all the possible outcomes resulting from random experiment is known to be:

1. Event
2. Instance
3. Element members
4. Sample space

MCQ 495: The variability of a set of continuous scores around the mean is indicated by the means of:

1. Variance
2. Phi-coefficient
3. Slope coefficient
4. Standard deviation