05 Jun Question Grading Summary Question Type: # Questions: # Correct:
Question
Grading Summary
Question Type: # Questions: # Correct:
True/False 3 3
Multiple Choice 31 30
Grade Details
1. Question : Time-series forecasting models:
Student Answer:
are useful where changes occur rapidly
are more effective in making long-run forecasts
are based solely on historical observations of the values of the variable being forecasted
attempt to explain the underlying causal relationships which produce the observed outcome
none of the above
Points Received: 1 of 1
Comments:
2. Question : The forecasting model which often possesses significant advantages over other models is the:
Student Answer:
barometric model
naive model
survey or opinion polling model
econometric model
none of the above
Points Received: 1 of 1
Comments:
3. Question : Concentration ratios will tell you
Student Answer:
How concentrated the Government’s involvement in the private sector is.
The % of companies in an industry that are monopolists
How many companies will sell what percent of the market
Measure the cause of entry to a market.
None of the above
Points Received: 1 of 1
Comments:
4. Question : The most significant advantage of econometric models is that they:
Student Answer:
seek to actually explain the economic phenomenon being forecast
predict the magnitude of the change in addition to the direction of that change
are adaptable
none of the above
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