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Zoom Insert Table Chart Text Shape Media Comment 8) Which of the following is an example of a regression analysis forecast? A) To determine how many hamburgers to sell tomorrow based on yesterday's weather B) To determine how many hamburgers to sell tomorrow based on next year's budget limit C) To determine how many hamburgers to sell tomorrow based on one's gut feeling D) To determine how many hamburgers to sell tomorrow based on next year's sales figure 9) Which of the following is TRUE regarding evaluating the quality of a forecast? A) If both forecasters have an unbiased forecast, then they are equally good at forecasting. B) A biased forecast has a zero-forecast error. C) The mean squared error is always lower than the mean absolute error when evaluating the same forecaster. D) In the mean squared error evaluation, one single observation can make a very large difference. 10) The moving average forecast corresponds to the nave forecast when the forecast window is time period(s). A) one B) two C) three D) zero 11) Which of the following data are most likely following a long-term trend trajectory? A) Energy drink demand B) Land-line phone users C) Stock prices Flu-related illnesses