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## QBA

by: Nikita Hendricks

6

0

1

# QBA 2305

Nikita Hendricks

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STUDY GUIDE
COURSE
QBA
PROF.
Prof. Turner
TYPE
Study Guide
PAGES
1
WORDS
KARMA
50 ?

## Popular in QBA

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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