Moving Average Would Be Considered a Qualitative Forecasting Method

question 95

True/False

Moving average would be considered a qualitative forecasting method.

---

Definitions:

SSE

SSE, or Sum of Squares Error, is a measure used in statistics to describe the amount of variation or deviation of sample values from the fitted values in a model.

F Statistic

The F statistic is used in statistical testing to compare the variances among group means to decide if they significantly differ from each other.

Two-Way ANOVA

A statistical test used to determine the effect of two nominal predictor variables on a continuous outcome variable.

Interaction

A statistical term describing a situation in which the effect of one explanatory variable on the response variable depends on the level of another explanatory variable.