A. error term
B. disturbance term
C. relevant term
D. both a and b
Related Mcqs:
- An error term, disturbance term or residual term is calculated as ___________?
A. U=A-b
B. u=A-a
C. u=Y-y
D. u=X-x - A problem which arises because of the presence of systematic pattern in residual value sequence is considered as ___________?
A. parallel correlation
B. serial correlation
C. auto correlation
D. both B and C - The large residual term and negative slope of line indicate?
A. inverse proportion
B. direct proportion
C. badness proportions
D. goodness proportion - If the residual error is 35 and the predicted cost value is 20, then the observed cost value will be _________?
A. 55
B. 15
C. 65
D. 85 - The small residual terms and positive slope of line indicate ______________?
A. badness proportions
B. goodness proportion
C. inversely proportion
D. directly proportion - An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as ___________?
A. independence of residuals
B. dependence of residuals
C. independence of correlation
D. none of the above - If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?
A. 100
B. 25
C. 50
D. 75 - If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be ___________?
A. 14
B. 88
C. 24
D. 68 - The measures that analyze the performance of a company, such as residual income, economic value added and customer satisfaction are collectively called ____________?
A. interactive control systems
B. belief systems
C. boundary systems
D. diagnostic control systems - The residual material which results from manufacturing products is called ___________?
A. reduced work
B. spoilage
C. rework
D. scrap
