Q. The component of time series useful for long term forecasting is
✅ Correct Answer: (A)
Secular trend
Business Statistics MCQs and Notes
Q. Seasonal variations are short term variations with period
✅ Correct Answer: (C)
less than 1 year
Q. Periodic movements with duration longer than a year are called
✅ Correct Answer: (B)
Cyclic movements
Q. Cyclical variations are caused by
✅ Correct Answer: (A)
Trade business cycles
Q. Which of the following is a method of measuring trend:
✅ Correct Answer: (A)
Freehand curve
Q. Which of the following is a component of timer series;
✅ Correct Answer: (A)
Secular trend
Q. What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices:
✅ Correct Answer: (B)
Consumer's price
Q. The general purchasing power of the currency of a country is determined by:
✅ Correct Answer: (D)
Whole-sale price index
Q. In constructing index number geometric mean relatives are:
✅ Correct Answer: (C)
Reversible
Q. Relationship between correlation coefficient and coefficient of determination is that
✅ Correct Answer: (B)
The coefficient of determination is the coefficient of correlation squared