A decision maker has control over which of the following when making a decision?
ID: 3265667 • Letter: A
Question
A decision maker has control over which of the following when making a decision? The payoffs for each decision alternative Which state of nature will happen Which decision alternative to choose The probabilities for each state of nature Which state of nature to chose
2. Using the 4 weeks of data below, forecast sales for the fifth week using a 3 week weighted moving average if the oldest weight is 0.10 and the most recent weight is 0.60. Week Sales 1 30 2 40 3 50 4 40
3. he percentage of variation in the dependent variable that is explained by the changes in the independent variable(s) is known as which of the following? Mean absolute deviation, Correlation coefficent, Residual, p-value ,Coefficient of determination
4. During the past three weeks, the number of customers at a local restaurant is as follows: Week Number of Customers 1) 100 2) 175 3)150 Using exponential smoothing with a smoothing constant of 0.20, forecast the number of customers for week 4.
Explanation / Answer
2)
=0.6*40+0.3*50+0.1*40=43
3)
Coefficient of determination is correct
4)
122 is correct
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