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Since time-series forecasts are relatively easy and inexpensive to construct, they are used quite extensively.

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What are the advantages and disadvantages of data collection methods in statistics?

There are both advantages and disadvantages of data collection methods in statistics. The main advantages are the metrics and correlation one can draw from statistics. The disadvantages stem from sampling errors.


What are the Advantages of numerical methods in solving numerical methods?

Numerical methods offer several advantages in solving mathematical problems, particularly when analytical solutions are difficult or impossible to obtain. They enable the approximation of solutions for complex equations and systems, allowing for practical applications in engineering, physics, and finance. Additionally, numerical methods can handle large datasets and provide insights into behavior through simulations. Their flexibility and adaptability make them valuable tools in computational mathematics.


How to use SPSS in time series and forecasting?

we can use timeseries in forecasting future values depending upon current and past values. we can also construct ACF and PACF plots and can know how many spikes are there in linear stationary models.


What are the advantages and disadvantages in deductive method?

There are clear advantages to the deductive method. These include that the person is more likely to learn and remember how they got to the answer in the future and also they remember the stages they have gone through. A major disadvantage is that it does take longer than other methods.


Scientific method what advantages does it have over other methods of solving problems?

urmmm .. shows cause and effecthas high control which lead to high reliability & validity

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What are the advantages and disadvantages of data collection methods in statistics?

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Advantages or disadvantages of coding methods in a cost centre?

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What are the advantage of organization and methods?

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What are the advantages of PowerPoint presentations over the other presentation methods?

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What are the the advantages of methods in java programing?

Methods are similar to functions or procedures in non-OOP languages, but methods are associated with a specific object (which, in turn, is based on a specific class); so the advantages of using methods are related to the advantages of OOP in general. Specifically, in the case of methods, you can use the same method name to do different things for different types of objects - for example, a show() method would work differently, depending on what object it works on.


What are the advantages and disadvantages of a bill?

Advantages .open invioce methods is that it is conducive to offering discounts for prompt payments. Disadvantages .open invoice methods is the added complexity required to main information about the status


What are the advantages and disadvantages of sampling methods?

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What are the advantages of using special methods communication?

Some advantages of special methods of communication is that it allows people to communicate that could not normally do so. This could be through American sign language, Braille, or technology.


What are the advantages of cluster sampling?

basically it is cheaper than other methods so it is preferred over other methods.


What are the advantages and disadvantages of various NDT methods?

The advantages to certain NDT methods is that most of the inspections can be done while the part is still on the main structure, they also allow for bulk inspections. Some disadvantages to the methods are that some of them can be very time consuming as well as susceptible to human error in reading of the results.


Advantages of qualitative research?

There are various advantages associated with qualitative research. For example, it can offer a much more in-depth analysis than other methods.