# Time Series

Not what you're looking for?

Horace Mann, principal of Jones Public School, has decided to construct a time series model to obtain a 2- and a 3-period moving average to forecast student enrollments for next term. Which statement is true concerning the accuracy of each forecast that Horace will obtain? (which one)

a. The 2-period forecast will be more accurate than the 3-period forecast

b. The 3-period forecast will be more accurate than the 2-period forecast

c. Both forecasts will be equally accurate

d. Either forecast could be more accurate than the other

##### Purchase this Solution

##### Solution Summary

The solution addresses Horace Mann, principal of Jones Public School, has decided to construct a time series model to obtain a 2- and a 3-period moving average to forecast student enrollments for next term. Which statement is true concerning the accuracy of each forecast that Horace will obtain? (which one)

a. The 2-period forecast will be more accurate than the 3-period forecast

b. The 3-period forecast will be more accurate than the 2-period forecast

c. Both forecasts will be equally accurate

d. Either forecast could be more accurate than the other

##### Solution Preview

The answer to this question is (b). The 3-period forecast will be more accurate than the 2-period forecast. This is due to the fact that in time series ...

##### Purchase this Solution

##### Free BrainMass Quizzes

##### Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

##### Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

##### Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.