Question Details

An example of a time series data set is one for which 



1.	One commonly used test in checking for the presence of autocorrelation when working with time series data is the ____.
a)	F-test
b)	Durbin-Watson test
c)	t-test
d)	z-test
2.	An example of a time series data set is one for which the:
a)	data would be collected for a given firm for several consecutive periods (e.g., months).
b)	data would be collected for several different firms at a single point in time.
c)	regression analysis comes from data randomly taken from different points in time.
d)	data is created from a random number generation program
3.	Smoothing techniques are a form of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
a)	opinion polling
b)	barometric forecasting
c)	econometric forecasting
d)	time-series forecasting
4.	Trading partners should specialize in producing goods in accordance with comparative advantage, then trade and diversify in consumption because
a)	out-of-pocket costs of production decline
b)	free trade areas protect infant industries
c)	economies of scale are present
d)	manufacturers face diminishing returns
e)	more goods are available for consumption
5.	Trading partners should specialize in producing goods in accordance with comparative advantage, then trade and diversify in consumption because
a)	out-of-pocket costs of production decline
b)	free trade areas protect infant industries
c)	economies of scale are present
d)	manufacturers face diminishing returns
e)	more goods are available for consumption




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