List and explain in detail why we include disturbance term or error term in the model?
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6. List and explain in detail why we include disturbance term or error term in the model?
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- Chart and Regression analysis : What does the intercept predict? X: C16 (number of cars on the sales lot) versus Y: C17 (cars sold per day) Equation: y=2.9x + 14.5 Slope:2.9 Intercept:14.5 Does the intercept mean the intercept is 14.5 means that the cars sold per day( Y) predicted number of cars on sale lot(X) to be 14.5, but this intercept has no meaning. So, I will not use to predict cars sold per day?Describe the process of minimization with simplex method?7. Compare and contrast type I error and type Il error. Give an example.
- Develop a scatter diagram for two variables of interest[say pages in the newspaper by day of the week; see the examplein Figure 6.6(b)].16. In what management practice control sheets would be least likely used? Group of answer choices Feasibility analysis Product quality level analysis Price level analysis Variance analysis1.Use a Venn-diagram to perform a qualitative risk assessment, indicating the likelihood%, category, frequency, severity, and RHC score for climate, pest infestations, soil erosion, market volatility and supply chain management risk of corn. 2.Plot the risks from the Venn diagram on a Risk Heat Map/Chart
- Volumetric Glassware: Utility and Calibration (Dry Lab) Table B1: Calculation of a 100-mL Volumetric Flask. temperature of the Distilled H2O (°C) 27 density of distilled H2O at calibration temperature mass (g) of volumetric flask + distilled H₂O Trial 1 198.5893 Trial 2 198.6114 Trial 3 mass (g) of dry volumetric flask 98.6563 98.7503 198.6001 98.7145 mass (g) of distilled H₂O m true g calculated volume of water dispensed, cm³ corrected volume, V20 °c, cm³ average corrected volume, V20 °C, cm³ standard deviation (4 sig figs) %RSD (2 sig figs)Which methods to use depends on the type of variable(s) being analyzed.Sanjeevini is a 100 bed hospital established 10 years ago and is performing well. Now the hospital is facing trouble in sourcing inpatients due to various reasons, one of them being improper inpatient nursing care. So the hospital management plans to intervene to improve the inpatient Care Experience. QUESTION: Develop a questionnaire to study the patient satisfaction in the hospita
- What is Accuracy, and Loss function?What proposed analysis of data and choice of statistical tests should be used for a recycling company?Estimating a cost function, high-low method. Lacy Dallas is examining customer-service costs in the southern region of Camilla Products. Camilla Products has more than 200 separate electrical products that are sold with a 6-month guarantee of full repair or replacement with a new product. When a product is returned by a customer, a service report is prepared. This service report includes details of the problem and the time and cost of resolving the problem. Weekly data for the most recent 8-week period are as follows: Plot the relationship between customer-service costs and number of service reports. Is the relationship economically plausible? Use the high-low method to compute the cost function relating customer-service costs to the number of service reports. What variables, in addition to number of service reports, might be cost drivers of weekly customer-service costs of Camilla Products?