Question: In terms of developing a forecast based on a time series, when one encounters an omission or loss of data, then the appropriate response would

In terms of developing a forecast based on a time series, when one encounters an omission or loss of data, then the appropriate response would be to

  • A. Accept the forecast error
  • B. Do nothing..
  • C. Get the original data or substitute a reasonable estimate for the lost data.
  • D. Accept the change
  • E. Change the forecasting model

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Time Series Data Mining: A Case Study With Big Data Analytics Approach ABSTRACT Time series data is common in data sets has become one of the focuses of current research. The prediction of time...

Q:

Background information Simple Moving Average (MA) The simple moving average concept is based on the idea of averaging random fluctuations in a time series to identify the underlying direction in...

Q:

Assignment # 2 : Operations Management Planning ( 1 5 % of Final Grade ) Background information Simple Moving Average ( MA ) The simple moving average concept is based on the idea of averaging random...

Q:

1 CLO Business Decision Making Project Part 1 Sales Decline at McDonalds Inc. LaShondra Oglen QNT/275 1/25/16 Professor Robert Robinson 2 CLO Business Decision Making Project Sales Decline at...

Q:

Share any experience you have with forecasting. What did you forecast? Was it a time series forecast? Or share a link to an article related to time series forecast and provide a short summary of the...

Q:

Share any experience you have with forecasting. What did you forecast? Was it a time series forecast? Or share a link to an article related to time series forecast and provide a short summary of the...

Q:

The Delphi method used for forecasting : A) uses measures thatare believed to influence the behavior of a variable that theresearcher wishes to forecast. B) uses a panel of experts, whoseidentities...

Q:

Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...

Q:

ISSUES IN ACCOUNTING EDUCATION Vol. 26, No. 3 2011 pp. 521-545 American Accounting Association DOI: 10.2308/iace-50031 Breach of Data at TJX: An Instructional Case Used to Study COSO and COBIT, with...

Q:

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

Q:

A developer proposes improvements to the East Creek subwatershed that will increase the peak flow of the 100-yr storm by 1000 cfs. The developer contends that there will be no change in the 100-yr...

Q:

Bob and Alice are pulling their son Charlie on a sled. Alice is pulling the sled with a force of 60 N at an angle of 35? relative to the forward direction. Bob pulls the sled at an angle of 20?...

Q:

A person with taxable income under R 1 0 0 0 0 0 0 must pay provisional tax on the lower of 9 0 % of actual taxable income for the current year or the _ _ _ _ _ _ _ _ amount.

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...