CompTIA
DA0-001 · Question #525
A group is developing a time-series forecast for future sales. Which of the following is the best way to show possible values for future eras?
The correct answer is D. Confidence interval. A confidence interval provides a range of possible values for future sales in a time-series forecast, showing the uncertainty and reliability of the prediction.
Data Analysis
Question
A group is developing a time-series forecast for future sales. Which of the following is the best way to show possible values for future eras?
Options
- AStandard deviation
- BPercent change
- CDistribution
- DConfidence interval
How the community answered
(36 responses)- A3% (1)
- B3% (1)
- C8% (3)
- D86% (31)
Explanation
A confidence interval provides a range of possible values for future sales in a time-series forecast, showing the uncertainty and reliability of the prediction.
Topics
#Time-series forecasting#Forecasting uncertainty#Confidence interval
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