What are forecasts?
A) a statement about what will happen or might happen in the future; for example, predicting future sales or employee turnover
B) a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste
C) predictions based on time-series information
D) a statistical process for estimating the relationships among variables
Correct Answer:
Verified
Q322: What is optimization?
A)a statement about what will
Q323: What is another term for data that
Q324: What is a statistical process that finds
Q325: What determines which things go together?
A)classification
B)estimation
C)affinity grouping
D)clustering
Q326: What is a statistical process for estimating
Q328: What are predictions based on time-series information?
A)prediction
B)optimization
C)forecasting
D)regression
Q329: What is affinity grouping?
A)determines values for an
Q330: What assigns records to one of a
Q331: Which of the following forms of data
Q332: Which of the following is not a
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