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Do one of the following, as appropriate: (a) Find the critical value , (b) find the critical value , (c) state that
neither the normal nor the t distribution applies.
- is known; population appears to be very skewed.
Time Series
A sequence of data points recorded or collected at successive time intervals, often analyzed to identify patterns over time.
Quantitative
Pertaining to methods or data that is numerical and can be measured and analyzed statistically for facts and figures.
Econometric Models
Econometric Models are statistical models used in economics to test hypotheses or forecast future trends by using data and mathematical theories.
Forecasting Method Categories
Different approaches or techniques used to predict future aspects of business operations, such as sales, demand, and inventory requirements.
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