How is the size of the forecast interval affected when we use values of x that are

Question:

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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

See More Books

Question Posted: Mar 03, 2024 07:00 AM

See More Questions

Technique 1: Compression The first technique we will cover is compressing the data. Compression here doesn't mean putting the data in a ZIP file; it instead means storing the data in the memory in a...
123 Compare the purely graphical properties of these two notations, and the ways in which the graphical properties of each display correspond to the information structure being defined. Describe...
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
2. Consider two households, one with an income twice as large as the other. Both households pay the equivalent of 5% of their income to consume free (public) education to the quantity PS (where PS...
Create a PowerPoint presentation on the critical points in philosophy for the Existence of God (thesis) and the Problem of Evil (antithesis). The key point of the presentation is a collective group...
This diagram shows a thin slice of metal of thickness t and width d. The metal slice is in a magnetic field of flux density B and carries a current I, as shown. a. Copy the diagram and mark: i. the...
Between z = 1.55 and z = 1.04 Find the indicated area under the standard normal curve. If convenient, use technology to find the area.
Two investments have the following expected returns ( net present value s) and standard deviation of returns: Which one is riskier?Why? PROJECT EXPECTED RETURNS S 50,000 $250,000 STANDARD DEVIATION S...
What is the net electric force on charge B in (Figure 1)? Suppose that a = 2.5 cm and b = 1.2 cm. Express your answer to two significant figures and include the appropriate units. Enter negative...
Use the data given in question 31 to forecast Johnson & Johnsons inventory turnover for 1989 and 1990. Construct a 95 % confidence interval for both of these forecasts. Use Eq. 14.21. Eq. 14.21...
Explain why we often construct interval estimates of forecasts.
Why is atrazine a concern?
A multi turn wire wound rotary potentiometer has following specifications: Total number of turns, $\mathrm{N}=5$ Total resistance, $\mathrm{R}_{a}=10 \mathrm{k} \Omega$ Total number of winding...
The maximum phase shift that can be obtained by using a lead compensator with transfer function $\mathrm{G}(s)=\frac{4(1+0.15 s)}{(1+0.05 s)}$ is equal to (a) $15^{\circ}$ (b) $30^{\circ}$ (c)...
Consider the following statements regarding time domain analysis of control systems. 1. Derivative control improves system's transient performance. 2. Integral control does not improve system's...
A position control system is shown in Fig. D9.2(a). The angular position $\boldsymbol{r}$ is the reference input to the system. The output shaft position determines the angular position...
A system in unity feedback configuration, has the pole-zero function $\frac{K}{s(s+50)(s+100)}$ Design the value of gain $\mathrm{K}$ for $15 \%$ peak overshoot in closed loop step response...
The mast of a sailboat has a cross-sectional area of 10.65 cm2 and is constructed of an experimental aluminum alloy. Tests were performed to define the relationship between stress and strain. The...
Consider the function f and its graph. a. Estimate the zeros of the area function b. Estimate the points (if any) at which A has a local maximum or minimum. c. Sketch a graph of A, for 0 x 10,...
Sherron, who is single, purchased a house to use as rental property on April 1, 2007, for $300,000. He moved into the house on June 1, 2016, and used it as a personal residence until August 1, 2017,...
Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2016. Because Mr. Kitchens employer transferred him to Utah, they sold the house for $160,000 on January 10, 2017....
On January 10, 2017, Kirsten married Joe. Joe sold his personal residence on October 25, 2016, and excluded the entire gain of $175,000. Although they had originally planned to live in the house that...
Social and emotional development is probably the most discussed and widely used area of development when considering work with young children. But to fully apply the principles of social and...
Respond in a summative manner to the 2 separate posts. Post 1 In your reading it sets forth the pronouncement that the Constitution is the supreme law of the land. How does Planned Parenthood of S.E....
What were some of the socioeconomic conditions in 19th-century America that led the majority of state courts to adopt the legal principle of employment-at-will? How do advocates of the...

How is the size of the forecast interval affected when we use values of x that are

Question:

Step by Step Answer:

The size of the forecast interval is generally affected by the values of x used for forecasting part...View the full answer

Statistics For Business And Financial Economics

Students also viewed these Business questions