Q1 Exam Flashcards
1
Q
Random Variations
A
Seasonal Variations - Average Seasonal Variations
2
Q
Seasonal Variations
A
Sales Revenue - Quarterly Moving Average
3
Q
Cyclical Variation
A
( SV1 + SV2 + SV3 + SV4)/4
SV: Seasonal Variation Point
4
Q
Sampling Methods
A
- Random: every person in the target group has an equal chance
- Convenience: Selected randomly by convenience, subjects have easy access, are ready to be part of the sample and are available at a given tim
- Snowball: surveying the first group or individuals, who suggest othes
- Cluster: makes the population divide into different groups that are called clusters. After the population is divided, a random sample of cluster
- Stratified: It is a probability sampling technique which by dividing the population into more specific groups by different categories, called strata
5
Q
Secondary Methods
A
Collection of second hand sources
- Internet
- Academic Journal
- Books
- Magazines
6
Q
Primary Methods
A
Online surveys
Focus groups
Interviews
Sampling methods
