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there are no disadvantages cos i Had it
To start out with, you only get a small portion of the population, which may or may not correspond with the general public.
The main disadvantage is the relative lack in the statistical and econometric communities of information, knowledge and software regarding certain models.
to measure forecast accuracy.
It is quite likely that the sample is not representative of the population and so while statistical conclusion may be valid for the sample, they may not apply to the population.
Advanatages: You can borrow large amounts. Disadvantage: You have to pay back with interest.
define forcasting in production management
define forcasting in production management
yes
It is unreliable in the statistical sense.
there are no disadvantages cos i Had it
depends what type
Grace Banachowski has written: 'Advanatages and disadvantages of employing part-time faculty in community colleges' -- subject(s): Community teachers, Teachers, Part-time
lack of food, water, foriegn dependence in terms of education,polution problems, social unrest, civil wars, diseases, forced labor for children, increase in the informal sectors like sex trade and etc
cause its cool and i like poop!:) yumm
To start out with, you only get a small portion of the population, which may or may not correspond with the general public.
The importance of statistical modeling is obvious because we often need modelling for the purpose of prediction, to describe the phenomena and many procdures in statistics are based on assumption of a statistical model. Modeling is also important for statistical inference and make decision about population parameter. M. Yousaf Khan