Question: 1.)A model that can be used to make predictions about long term future values of a time series is a.)linear trend model b.)quadratic trend model
1.)A model that can be used to make predictions about long term future values of a time series is
a.)linear trend model
b.)quadratic trend model
c.)both a and b
d.) neither a nor b
2.)One application of seasonal indexes is to remove the seasonal variation in a time series. The process is called deseasonalizing, and the result is called a seasonally adjusted time series. true or false?
3.)If summer 2011 sales were $12,600 and the summer seasonal index was 1.20, then the deseasonalized 2011 summer sales value would be:
a.) $12,600
b.) $12,601.2
c.) $15,120
d.) $10,500
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