The Forecasting Model That Makes Use of the Least Squares

question 78

Multiple Choice

The forecasting model that makes use of the least squares method is called

• A) regression
• B) naive approach
• C) moving average
• D) exponential smoothing

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Definitions:

Positive Value

A number greater than zero.

Z

Often referred to in statistics as a standard score, it represents the number of standard deviations a data point is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, representing a perfect bell curve.

Continuous Probability Distributions

Mathematical functions that represent the probabilities of all possible values in an unbroken (continuous) range.