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##### This is my mid-term exam... 16. Coefficient of...

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This is my mid-term exam... 16. Coefficient of determination is the percentage of the variation in the ____________variable that results from the _________ variable. 17. In exponential smoothing, the closer alpha is to ___________, the greater the reaction to the most recent demand. 18. __________is the category of statistical techniques that uses historical data to predict future behavior. 19. ___________is absolute error as a percentage of demand. 20. ________methods are the common type of forecasting method for the long-term strategic planning process. 21. __________is the difference between the forecast and actual demand. 22. _________is a measure of the strength of the relationship berween independent and dependent variables. 23. A fair die is rolled 8 times. What is the probability than an even number (2,4,6) will occur between 2 and 4 times? Round your answer to four places after the decimal. 24. A loaf of bread is normally distributed with a mean of 22 oz and a standard deviation of 0.5 oz. What is the probabilty that a loaf is larger than 21oz? Round your answer to four places after the decimal. 25. Daily highs in Sacramento for the past week (from the least to most recent) were 95, 102, 101, 96, 95, 90, and 92. Develop a forcast for today using a weighted moving average, with weights of .6, .3, and .1, where the highest weights are applied to the recent data. 26. Daily highs in Sacramento for the past week (from least to most recent) were 95, 102, 101, 96, 95, 90, and 92. Develop a forcast for today using a 2 day moving average. 27.

Paper#9938 | Written in 18-Jul-2015

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