Question
Assume you have analyzed your time series data 3 different ways. Choose the forecasting method that shows the strongest relationship between input and output. Select
Assume you have analyzed your time series data 3 different ways. Choose the forecasting method that shows the strongest relationship between input and output.
Select One:
a. After lagging your data set you utilize an autoregressive model resulting in r-squared = 0.75
b. After utilizing a moving average model you calculate a correlation coefficient = 0.80
c. Using the exponential smoothing model your coefficient of determination = 0.70
d. Utilizing your process knowledge you perform a regression analysis with one input resulting in a negative correlation coefficient ( -0.80)
Which choice represents the strongest linear correlation?
Select one:
a. r = 0.1
b. r = 0.8
c. r = 0
d. r = -1
Choose the most appropriate answer to fill-in the blank. If x (input) and y (output) have a strong negative linear correlation the value of "r" the correlation coefficient_______.
a. gets closer to 0
b. gets closer to -1
c. stays the same
d. gets closer to +1
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