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Nikolay [14]
3 years ago
14

All of the following are true about time series methods EXCEPT a. they discover a pattern in historical data and project it into

the future. b. they involve the use of expert judgment to develop forecasts. c. they assume that the pattern of the past will continue into the future. d. their forecasts are based solely on past values of the variable or past forecast errors.
Business
1 answer:
motikmotik3 years ago
8 0

Answer:

B. they involve the use of expert judgement do develop forecasts

Explanation:

A time series is a series of events that is spaced equally in time. It is a statistical technique used to identify a time based trend of events and them make forecast using data from the trend/time series.

Time series requires certain processes which include discovering of a pattern in the historical data, projection of the historical data into the future, assumption that the pattern will remain the same(constant) as the time goes by, etc.

In time series method, since historical data is the point of reference for making a forecast, no expert judgements is required to develop forecasts. This is because once the data of the series from the past has been taken and a trend/pattern has been identified, that becomes the basis for future forecasts.

Cheers.

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An HR director determines that all applicants who receive at least an 81 on their test will be able to perform the functions of
amm1812

Answer:

The correct answer is: passing score.

Explanation:

Recruiters in the Human Resources (HR) department can use different approaches at the moment of evaluating applicants. One of those techniques is the passing score approach which consists of one or many rateable tests applicants will take to determine <em>skills, knowledge, </em>and <em>expertise</em>. HR managers set the minimum score to be beaten so the applicant can be hired for the position offered.

3 0
3 years ago
To be useful for decision making, information should possess the fundamental qualities of relevance and.
grigory [225]

To be useful for decision making, information must possess the fundamental qualities of relevance and reliability.

<h3 /><h3>What makes information relevant and reliable?</h3>

In a company, information is essential for decision making, significantly compromising the positioning of a business. In order to be relevant and reliable, the information must be based on organizational facts, such as accounting records, which demonstrate the real financial situation of the business, and allow decision-making more aligned with the company's needs.

Therefore, there is also an information system that assists in the processing of a large volume of data, the Decision Support Systems, which, being based on knowledge, are able to provide information based on standards and organizational objectives, being an important support to management decision making today.

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6 0
2 years ago
Weston's uses stralght-line depreclation to zero over a project's life. A new project has a fixed asset cost of $2,687,300 and p
nexus9112 [7]

Answer:

D) 15.76 percent

Explanation:

First, sum up the expected cash inflows;

= (95,000 + 162,000 + 286,000 + 304,000)

= 847,000

Next, find average cash inflows by dividing 847,000 by 4 years;

= 847,000/4

= 211,750

Initial amount invested = 2,687,300

Find the average amount by dividing 2,687,300 by 2

= 2,687,300/2

= 1,343,650

To find average accounting return, divide 211,750 by 1,343,650;

= 211,750 / 1,343,650

= 0.15759

As a percentage, it becomes 15.76%

4 0
4 years ago
Sue Bee Honey is one of the largest processors of its product for the retail market. Assume that one of its plants has annual fi
NNADVOKAT [17]

Answer:

$75 per case

Explanation:

Required: Selling Price per case

Sales – Variable cost – Fixed cost = Target desired profit

Sales = 800000 case x Selling Price (SP)

Variable cost = (800000 case x $40) + (800000 x SP x 25%)

Putting into equation:

Sales – Variable cost – Fixed cost = Target desired profit

(800000 x SP) – [(800000 x 40) + (800000 x SP x 25%)] - $8000000 = $ 5000000

>800000SP – (32000000 + 200000SP) – 8000000 = 5000000

>800000SP – 32000000 – 200000SP – 8000000 = 5000000

>800000SP – 200000SP = 5000000 + 8000000 + 32000000

>600000SP = 45000000

>SP = 45000000 / 600000

>SP = $ 75

3 0
3 years ago
Read 2 more answers
To be identified as a market segment, members of the group must Multiple Choice have the potential for future growth and increas
egoroff_w [7]

Answer:

The correct answer is to be similar in terms of the behavior of consumption.

Explanation:

Market segmentation is the term which is defined as the classification of the prospective groups of consumer as per the needs as well as requirements and their tendency for generating the similar or alike response to a specific action of marketing.

It is the strategy which is useful in the business which might segment or divide the homogeneous consumer market to a proportion of sizeable and into a more defined segments or groups.

So, in order to acknowledge the market segment, the group members need to be similar in terms of the behavior of consumption.

5 0
3 years ago
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