Explain the following terms as used in research i)                    Dependent variables            ii)                  Independent variables          iii)                Moderating variables             iv)                Mediating  variables              v)                  Extraneous variables

Q: Discuss Qualitative forecasting technique. Explain the situations where we use Qualitative methods.…

A: Forecasting is the process of making assumptions of the future on the basis of past and present data…

Q: involve

A: The answer to this question is true.

Q: Distinguish between a moving average model and an exponential smoothing model.

A: Forecasting is the process of estimating the future demand or sales using the previous and historic…

Q: The support for tactical decision in a business organisation is known as __________. a. Long term…

A: Strategic decisions or tactical decisions are decisions and programs that affect the detailed…

Q: . Develop a simple linear regression equation to forecast annual sales. For this​ regression, the…

A: Solution The simple linear regression equation is given by- Y=aX+bwherea=y-bxb=∑xy-nxy∑x2-nx The…

Q: -A forecasting method that forecasts progress upward in the organization from small units to…

A: Forecasting can be explained as the techniques or tools that help in estimating the future trends…

Q: Forecasting, whether quantitative or qualitative in nature, is used every day in all business to…

A: Forecasting is an approach to expecting the tomorrow based on the outcomes of earlier data. It…

Q: Which of the following smoothing constant would make an exponential smoothing forecast equivalent to…

A: alpha of 1.0 leads to an exponential smoothing forecast similar to a naive forecast.

Q: Which of the following smoothing constants would make an exponential smoothing forecast equivalent…

A: In exponential smoothing, it is attractive to utilize a higher smoothing consistent when…

Q: . Discuss the following methods of data collection methods. Be sure to include both merits and…

A: Below is the solution:-

Q: After using your forecasting model for six months, you decide to test it using MAD and a tracking…

A: Here we use formulae:  Formulas: Tracking Signal (TS) is presented by:TS = RSFEMAD RSFE = Running…

Q: which of the following would be calculated variable from other data: 1. Product Sales Price 2.…

A: The selling price of a product includes the cost incurred and the profit margin that a seller wants…

Q: Describe and evaluate the method of forecasting based on a time series analysis when a trend is…

A: Forecasting is the practice of estimating the size of unknown future events and generating different…

Q: 9-The approach that uses the organization's current level of employment as the starting point for…

A: Every business enterprise is required to assess its staffing requirements over a specific time…

Q: State and explain three methods that are used to determine the accuracy of any given forecasting…

A: To be determined:  three methods that are used to determine the accuracy of any given forecasting…

Q: Consider the following time series data. Week 1 2 3 4 5 6 Value 18 13 16 11 17 14 a. Use α = 0.2 to…

A:

Q: Explain what assumptions do qualitative forecasting systems make

A: Qualitative prediction systems make the following assumptions:

Q: When calculating the moving average forecast using Excel, ____ is entered into the “Interval” box in…

A: The moving averages method uses the average of the most recent data values in the time series as the…

Q: Consider the time series data in Table 4 Construct a time series plot. What type of pattern exists…

A: Moving average and exponential smoothing methods are time series forecasting method. This can be…

Q: The Marriott Corporation's marketing research study is notable mainly because they made such good…

A: Marketing research is the process of checking the viability of new product or new service by…

Q: XYZ food Co is getting into toffees & the market size for Toffees in India was Rs 450 Cr & growing @…

A: In the next years, India's penchant for all things sweet is projected to drive demand for chocolate…

Q: Moving Average method is always superior to Weighted moving average method for time series forecast

A: The moving method average is

Q: is based on the principle of using only the last observation in a sequence of stable data as a…

A: Option C is correct. The naive forecast is based on the principle of using only the last observation…

Q: 1. A forecaster must decide on the value of this factor before he can use the simple moving average…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are some of the common Business Statistics used in Excell for Hospitality Management?

A: Hospitality management includes administering the regulatory assignments of a lodging or resort.…

Q: Demand forecasting is the primary data for decision-making in any organization. What will happen if…

A: Demand forecasting is developing the best possible estimate of future demand by analyzing the impact…

Q: Suppose a researcher collected data for his study from the annual financial reports of the ABC…

A: The process used by the organization or individual to systematically collects the data and…

Q: Which of the following is not a type of qualitative​ forecasting?     A. Delphi method   B. naive…

A: Research helps in forecasting the future which further helps in taking better decisions and in…

Q: You have a data set that includes time period and past sales data, and you want to use a time series…

A: Ans// D) Weighted moving average   Time series forecasting makes the prediction about the future by…

Q: Use quantitative methods for the data shown below: Period 1 2 3 4 5 6 7 Observation 24 34…

A: Given data: Period Observation 1 24 2 34 3 36 4 37 5 41 6 44 7 45

Q: Forecasts are generally wrong.a. Why are forecasts generally wrong?

A: Forecasting is used to predict future changes or demand patterns. Forecasting is the process of…

Q: Which​ time-series forecasting method works best if the company assumes that product demand will…

A: Forecasts are a basic input in the decision processes of operations management because they provide…

Q: a. Compute a four-week moving averages for the above time series. b.  Compute the mean squared error…

A: ANSWER IS AS BELOW:

Q: Name and describe the four major sets of variables that might be used in segmenting consumer…

A: Market Segmentation refers to the activity of grouping the entire customer market into smaller and…

Q: Define time-series forecasting model and give examples.

A: Forecasting is the process of making assumptions of the future on the basis of past and present data…

Q: . The expert’s opinion and the test marketing methods are examples of Qualitative and Quantitative…

A: A sale forecast is an estimation of sales volume that a company can expect to attain within the plan…

Q: ection methods. Be sure to include both merits and Demerits . Observation method b. Schedule Method…

A: Accurate data analysis may help you understand the present and future trends, for example. In order…

Q: Time-series analysis is based on the assumption that: a. there are dependable correlations between…

A: According to above questions Time series analysis and forecasting are based on the assumption that…

Q: The moving average forecast method should only be used with time series data demonstrating a linear…

A: A moving average, which is indeed the average of any subset of values, is a method for gaining a…

Q: Describe why such forecasting devices as moving average , weighted averages and exponential…

A: To be determined:  why such forecasting devices as moving average , weighted averages and…

Q: Which one of the following models would be best for new product forecasting?   Multiple Choice…

A: Holt's two-parameter model, also called as linear exponential smoothing, is a popular smoothing…

Q: Forecasting is

A: Forecasting is the process of making forecasts based on past and present data and most usually by…

Q: List down some of the factors that may affect forecasting? What is the bases of forecasting

A: Forecasting is a process that uses historical data as information to make informed estimations that…

Q: Explain the term Forcasting

A: In getting ready designs for the future, the administration authority needs to make a few…

Q: a) Forecasted sales for year 6 using a 3-year moving average is sales (round your response to one…

A: THE ANSWER IS AS BELOW:

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.