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This 1 page Study Guide was uploaded by Nikita Hendricks on Tuesday October 11, 2016. The Study Guide belongs to 2305 at Baylor University taught by Prof. Turner in Fall 2016. Since its upload, it has received 6 views. For similar materials see QBA in Business at Baylor University.
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Date Created: 10/11/16
QBA STUDY GUIDE Time Look at past events to predict the future Analysis Irregular Variation Episodic and Residual Residual unpredictable but identifiable Moving Average Method useful in smoothing time series linear trend with definite rhythmic pattern assigns different weights to each observations Weighted Moving Average sum equals one Least Squares Method uses the simple linear regression used when data is increasing by increasing Nonlinear Method amounts Ratio to Moving Average used most commonly to compute the typical seasonal pattern \ Method eliminates trend, cyclical, and irregular >2 Negative AutoCorrelation Durbin Watson Method Close to 0 Positive AutoCorrelation Sample Data/ Too Many Products Tests 80% of the Population 29 Large Cities, 1 Haw, 1 Alaska, 60 from small How is data collected for the cities CPI? Consists of Two Surveys 5 Groups/69 Expenditure Cat\207 groups called Market Groups CPI average of the market baskets Food and Beverage Housing Five Categories for the CES Apparel and Upkeep Transportation Medical Care Entertainment Rate of Inflation Social Security What are the uses of CPI? Food Stamp Income Tax Brackets Other Tables for CPI Average Price Data Department Store Price Index
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