Question: Thomas Economic Forecasting Inc. and Harmon Econometrics have the same mean error in forecasting the stock market over the last ten years. However, the standard
Thomas Economic Forecasting Inc. and Harmon Econometrics have the same mean error in forecasting the stock market over the last ten years. However, the standard deviation for Thomas is points and for Harmon is points. At the significance level, can we conclude that there is more variation in the forecast given by Harmon Econometrics?
Select one:
a
Ho is rejected. There is more variation in the Harmon forecast.
b
Ho is rejected. There is not more variation in the Harmon forecast.
c
Ho is not rejected. There is not more variation in the Harmon forecast.
d
e
Ho is not rejected. There is more variation in the Harmon forecast.
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