ECO454
Question: becomes an integral part of the planning process in any economy because it makes tomorrow visible.
Answer: forecasting
Question: A is one in which the average value either increases or diseases linearly with time
Answer: linear trend
Question: A is one in which the average varies in a cyclical fashion in sympathy with some imposed time cycle
Answer: seasonal trend
Question: if an estimate of a linear trend is given by ÖD‘|i, = 366.27 + 110.09X , what is Y if X assumed value of 12
Answer: 1687.35
Question: The following equation represent; ÖD‘ji, = 366.27 + 110.09X
Answer: estimated Y
Question: A statistically significant variable actually explained the regressor
Answer: [D] true
Question: forecasting is defined as the process of collecting and analysing information to determine the future supply of, and demand for, any given skill or job category.
Answer: Manpower
Question: The method of trend projection that relies upon matching employment growth with some index is known as
Answer: indexation
Question: is a systematic, economic and rational way of making decisions today that will affect tomorrow.
Answer: planning
Question: The identification of the model helps the researcher to focus on the of estimating the model
Answer: method
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