What Is a Prediction

question 356

Multiple Choice

What is a prediction?

• A)a statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover
• B)a statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste
• C)predictions based on time-series information
• D)a statistical process for estimating the relationships among variables

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Definitions:

Intercept

A point where a line, curve, or surface intersects a coordinate axis.

Absolute Value

The absolute value of a number is its distance from zero on the number line, without considering which direction from zero the number lies, always yielding a non-negative result.

Sketch Graph

The act of drawing a rough outline or diagram of a graph, typically to illustrate behavior or solutions.

Equation

A statement that asserts the equality of two expressions, typically including one or more variables.