Time series is a forecasting technique that uses a series of past data points to make a forecast. A time series is also based on a sequence of evenly spaced data points.

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False

Moving averages is a forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.

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False

Moving averages is a forecasting method that uses an average of the n most recent periods of data to forecast the next period.

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False

The Early Start time(ES) is found by taking the minimum of all EF values of its predecessors.

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EF = ES - Activity Time

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False

6. If the regression line has a positive slope, b would be a. a positive value b. a negative value c. zero d. cannot be determinedCourse Statistics 2016C Quantitative Methods Online Course 27. The table below displays a week's worth of data on daily sales at the Crank It Louder Music Store. Over that time period, what was the mean daily level of sales? $3,489.79 $4,071.42 $1,643.23 $2,829.92 Day Sales (in $) Monday 80.43 Tuesday 835.88 Wednesday 1,643.23 Thursday 800.12 Friday 4,617.69 Saturday 9,002.17 Crank It Louder Sales Sunday 7,449.02 Source