Net Marketplaces

question 60

Multiple Choice

Net marketplaces

• A)focus on continuous business process coordination between companies for supply chain management.
• B)are industry owned or operate as independent intermediaries between buyers and sellers.
• C)are geared towards short-term spot purchasing.
• D)are more relationship oriented than private industrial networks.
• E)typically consist of a large firm linking to its suppliers and partners.

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Definitions:

Homoscedasticity

A term in statistics describing a situation where all random variables across a dataset have the same finite variance.

Normality Of Errors

An assumption in many statistical models that the errors in the predictions are normally distributed.

Independence Of Errors

Pertains to a condition in statistical analyses where the errors of a model’s predictions are not correlated with each other.

First-Order Autocorrelation

The correlation between sequential observations in a time series, specifically between each observation and its immediate predecessor.