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Select all that applyWhich of the following is true of qualitative forecast methods? Select all that apply!Multiple select question.Useful to forecast variables, such as product sales and product defectsUseful when historical numerical data is availableUsed when future results are suspected to depart markedly from results in prior periodsAttractive when historical data are not available
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- Select all that applyA useful method to interpret the estimated coefficient is to highlight the changing impact of x on p. For instance, given x = 10, we compute the predicted probability as 0.4256. For x = 11, the predicted probability is pˆ=0.4700. Therefore, as x increases by one unit from 10 to 11, the predicted probability changes. Which of the following is true? Select all that apply!The predicted probability increases by 0.0444 if x increases from 20 to 21The predicted probability changes by 0.0444 but it could increase or decreaseThe predicted probability increases by 0.0444The increase in pˆ will not be the same if x increases from 20 to 21