The Dalton Company Has Recently Made a Decision to Build

question 61

Multiple Choice

The Dalton Company has recently made a decision to build a new plant in Denver. In making this decision it used data supplied by the U.S. Census Bureau. For the Dalton Company, these data are examples of:

• A) primary data.
• B) secondary data.
• C) reliable data.
• D) experimental data.

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Definitions:

Trend

A general direction in which something is developing or changing.

Historical Analogy

A method of reasoning or decision-making based on the assumption that current situations will resemble past ones.

Questionnaires

A tool used in studies that includes various questions designed to collect data from participants.

Holt-Winters Multiplicative Model

A forecasting technique that models time series data with seasonal variations using a multiplicative method to capture trend and seasonality.