Explain why we often construct interval estimates of forecasts.
Question:
Explain why we often construct interval estimates of forecasts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Interval estimates of forecasts are constructed to provide a range of plausible values within which ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted:
Students also viewed these Business questions
-
can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
-
Microkernel operating systems aim to address perceived modularity and reliability issues in traditional "monolithic" operating systems. (i) Describe the typical architecture of a microkernel...
-
) Explain the collision detection mechanism applied in standard wired medium access control associated with CSMA and indicate why this might be unsuitable for wireless networks. [2 marks] (ii)...
-
DTG agreed to merge with the SPQ. The total equity purchase price of $45,000 is going to be 50% financed issuing DTGs common shares and 50% financed with cash raised by DTG issuing long-term debt....
-
Describe your thoughts on how this sort of thing happens, after review the post from link given below. Why in the world does this type of behavior persist?...
-
Determine the wavelength of the electromagnetic waves for each photon, a to e. Then use Figure 28.4 to identify the region of the electromagnetic spectrum to which each belongs. The photon energy is:...
-
Between z = 1.96 and z = 0 Find the indicated area under the standard normal curve. If convenient, use technology to find the area.
-
Suppose that Carrier Lumber Ltd, a Canadian forest products company, sells lumber to Home Depot. In return, Home Depot will pay Carrier US$1,000,000 in 90 days. At a current exchange rate of...
-
Timter Company uses a normal job-order costing system. The company has two departments through which most jobs pass. Selected budgeted and actual data for the past year follow: Budgeted overhead...
-
How is the size of the forecast interval affected when we use values of x that are much greater or much less than the mean value of x for forecasting?
-
Briefly explain how we can use regression analysis to forecast values of y.
-
Pel, a U.S. firm, paid $308,000 for all the common stock of Sar of Israel on January 1, 2016, when the exchange rate for sheqels was $0.35. Sar's equity on this date consisted of 500,000 sheqels...
-
Consider the following performance characteristics. 1. Reduced velocity constant for a given relative stability. 2. Reduced gain crossover frequency. 3. Reduced bandwidth. 4. Reduced resonance peak...
-
Use frequency response approach to design a cascade lag-compensator for the system in unity feedback with loop transmittance \[ \mathrm{G}(s)=\frac{\mathrm{K}}{s(0.25 s+1)} \] so as to achieve the...
-
A closed loop system, employing lag-lead compensator \(\mathrm{G}_{c}(\mathrm{~s})\) is shown in the Fig. M8.14: If \(\mathrm{G}(\mathrm{s})\) has 3 poles in the left half of s-plane, then the slope...
-
A system with transmittance \[ \mathrm{G}(s)=\frac{\mathrm{K}}{s(s+6)^{2}} \] is placed in rate feedback control organisation as shown in Fig. P 8.8. Find \(\mathbf{K}\) and \(\mathbf{b}\) so as to...
-
A unity feedback system has open loop transfer function \[ G(s)=\frac{K}{(s+3)(s+6)} \] and operates with peak overshoot of \(4.32 \%\). Design a PI compensator via root locus such that the system is...
-
Three disease-carrying organisms decay exponentially in lake water according to the following model: Estimate the initial population of each organism (A, B, and C) given the followingmeasurements:...
-
Use a calculator to evaluate the expression. Round your result to the nearest thousandth. V (32 + #)
-
Mr. and Mrs. Rusbarsky purchased a residence on June 12, 2014, for $200,000. On March 12, 2017, they sell the residence for $300,000, and selling expenses amount to $11,000. They purchase another...
-
Marc, age 45, sells his personal residence on May 15, 2017, for $180,000. He pays $8,000 in selling expenses and $900 in repair expenses to help sell the residence. He has lived in the residence...
-
At the beginning of 2017, Silver Corporation has a $95,000 capital loss carryforward from 2016. During 2017, the corporation sells land, held for four years, and realizes an $80,000 gain. Silver has...
-
In your answers, you should make references to support your answers by informal pinpoint citation to book and page number within parentheses. For example: Computer Crime Law at p. __. You do not need...
-
Read the passage below. Based on your reading assignment, please answer the two-tiered question below. Incorporate your academic opinion, which should be supported by your research findings rather a...
-
The statement describes the speaker's activities throughout the day. They got up at 8 o'clock and got themselves and their children dressed before packing up the car and heading to a restaurant for...
Study smarter with the SolutionInn App