Analysis and Forecasting Techniques Paper 13

1

The internal auditor of a bank has developed a multiple regression model which has been used for a number of years to estimate the amount of interest income from commercial loans. During the current year, the auditor applies the model and discovers that the r2 value has decreased dramatically, but the model otherwise seems to be working okay. Which of the following conclusions are justified by the change?






2

All of the following are useful for forecasting the needed level of inventory except:






3

Which of the following is a quantitative approach used to develop sales forecasts based on analysis of consumer behavior?






4

Which of the following is a quantitative approach to developing a sales forecast?






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