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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




Email: bbcnoun@gmail.com
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