Which of the Following Is Not One of the Techniques

question 1

Multiple Choice

Which of the following is not one of the techniques that can be used to identify whether a time series is truly random?

• A)a graph (plot the data)
• B)the runs test
• C)a control chart
• D)the autocorrelations (or a correlogram)

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Definitions:

Inputs And Outputs

The resources used in the production process (inputs) and the goods or services produced (outputs) in an economic system.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.

Available Resources

The assets, materials, and inputs that are available for use in the production of goods and services.

Inferior Technology

Technology that is less efficient or effective compared to the available alternatives.