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- Which two measures of central location are equal when data follow a perfectly
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- Which one of the following lists contains one measure of central location and one measure of dispersion? A. Range and Standard deviation B. Mean and Mode C.median and average D. Mode and RangeWhich of the measure(s) of central location can be used for both numerical and categorical variables? Choose from: mean, median, mode, and trimmed mean.Match the following attributes of a city with the appropriate scale of measurements: Attribute (P) Average temperature (°C) of a city (Q) Name of a city (S) (R) Population density of a city Ranking of a city based on ease of Business Scale of Measurement (I) Interval (II) Ordinal (III) Nominal (IV) Ratio Which one of the following combinations is correct? A) (P)-(I), (Q)-(III), (R)-(IV), (S)-(II) B) (P)-(II), (Q)-(I), (R)-(IV), (S)-(III) c) (P)-(II), (Q)-(III), (R)-(IV), (S)-(I) D) (P)-(I), (Q)-(II), (R)-(III), (S)-(IV)
- What are the advantages of exponential smoothing over the moving average and the weighted moving average?1. Which method would you choose to compute dissimilarity between clusters using the distance between two observations, one from each cluster,that are the most different? a. Group average linkage b. Ward's method C. single linkage d.Complete linkage 2.Cluster analysis is often used for what business purpose? a.Segmenting customers b. predicting product demand c. Forecasting revenue d.Assessing product successTravel Passengers 1 405 2 410 3 420 4 415 5 412 6 420 7 424 8 433 9 438 10 440 11 446 12 451 13 455 14 464 15 466 16 474 17 476 18 482 a) Using a weighted moving average with three periods, determine the sales for day 15. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively b) Find the MAD, MSE and MAPE b) Use exponential smoothing with a smoothing constant of 0.50 to forecast the sales (Assume that last period’s forecast for period 1 is equal to actual to begin the procedure (Ft1=Yt1). Which method do you think is best? Is this an improvement over the weighted average- use MAD only
- Check the latest Department of Tourism data on the Top 10 International Tourist Arrivals in the Philippines. Required: Discuss common perceptions of at least five general features and cultural elements of one of the nationalities.Fit a linear trend curve by the least-squares method to the following data and determine trend values and then estimate levels of production in 2010 and 2025. Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Production (M Tons) 12 16 20 24 26 30 34 40 44 48 55Alvin Cheah is a marketing analyst for Rockstar Travel Company. He wants to analyze the trend of international tourist arrival in Tawau by using international tourist arrival rate and flight delayed rate over the past 10 years as given in Table 2 below: (Hint: Provides your answers in two decimal points) Table 2 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Arrival (‘000) 35.5 28.0 30.3 36.0 49.5 56.0 72.4 71.0 79.3 96.0 Delayed rate 4.2 3.8 3.8 3.5 4.6 4.5 4.6 4.6 4.7 4.5 a) Propose ONE (1) forecasting model that can be used by Alvin. Why would you proposed that particularmodel? b) Develop the forecasting model that you suggest in (i). Briefly explain your