In a 3 × 2 × 3 × 5 Factorial

question 9

Multiple Choice

In a 3 × 2 × 3 × 5 factorial design there are how many independent variables?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Strategic

Refers to a high-level plan or approach designed to achieve long-term or overall goals.

Biased Forecast

A forecast that consistently tends to overestimate or underestimate the actual value due to systematic errors.

Naive Approach

A forecasting technique that assumes that demand in the next period is equal to demand in the most recent period.

Time-series Model

A statistical model that analyzes a sequence of data points, typically measured at successive time intervals, to forecast future trends.