Answer the following statements true (T) or false (F)
1. Cumulative sum of errors (CSE) is a measure of variation that must be calculated prior to determining the value of coefficient of determination (R2).
2. The sum of squares of error (SSE) measures the variation not explained by the regression but resulting from other factors or variables.
3. The higher the value of R2, the more confidence we have that the estimate is accurate.
4. The error terms are not normally distributed, with regard to the validity of the linear regression model.
5. Error sum of squares (SSE) is a way to measure forecasting errors.
1. False
2. True
3. True
4. False
5. False
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Which of the following describes an ERP system?
A. ERP systems enable people in different business areas to communicate. B. ERP systems have been widely adopted in large organizations to store critical knowledge used to make the decisions that drive the organization's performance. C. ERP systems provide a foundation for collaboration between departments. D. All of these.
A periodic gathering of manufacturers, suppliers, and distributors in a specific industry to provide product demonstrations and sales information is a ________
A) seminar B) press conference C) third-party event D) community forum E) trade show
Factoring receivables is beneficial to a seller for all of the following reasons except:
A. May pass the risk of bad debts to the factor. B. There are no fees for factoring. C. Seller avoids the cost of billing and accounting for receivables. D. Allows firms to receive cash earlier. E. Passes ownership of the receivables to the factor.
Organizations aiming to become inclusive need to engage in a continuous _______________ stage process:
a. Four b. Two c. Ten d. Three