A parameter of the exponential smoothing model that provides the weight given to the most recent time series value in the calculation of the forecast value is known as the _____.
a. mean square error
b. mean absolute deviation
c. smoothing constant
d. None of the answers is correct.
Q. 2In comparing different policies using simulation, one should use the same set of random numbers whenever possible.
Indicate whether the statement is true or false
Q. 3A cross-classification table is used to describe the relationship between two ____________________ variables.
Fill in the blank(s) with correct word
Q. 4In the linear trend equation, T = b0 + b1t, b0 represents the _____.
a. time
b. slope of the trend line
c. trend value in period 1
d. y-intercept
Q. 5Verification is the process of ensuring that the simulation model provides an accurate representation of the real system.
Indicate whether the statement is true or false
Q. 6Data that contains information on two variables is called ____________________ data.
Fill in the blank(s) with correct word
Q. 7In the linear trend equation, Tt = b0 + b1t b1 represents the ______.
a. trend value in period t
b. intercept of the trend line
c. slope of the trend line
d. point in time
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