An automatic traffic counter is set to collect data on the number of cars passing through an intersection between 9 a.m. and 10 a.m. on every Monday, alternate Fridays, and every third Thursday of the month. This data will
A) be considered as a time series
B) be considered as an unconventional time series
C) not be considered as a time series because all days are not covered
D) not be considered as a time series because of unequal intervals
E) either C or D
Correct Answer:
Verified
Q1: Good forecasts usually result by using
Q2: Perfect forecasts can be obtained only by
Q3: Appropriate reasons for using qualitative techniques
Q4: Advantages of qualitative forecasts include ability to
Q6: Qualitative forecasts can be modified by
A) user
Q7: Quantitative forecasts can be modified by
A) user
Q8: A forecast based on average values as
Q9: A monthly forecast based on average monthly
Q10: Techniques based on averaging include
A) naïve forecasting
B)
Q11: Naïve forecast for any period is equal
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