Question

Q5

What is event modeling?

Multiple Choice

• The event model adds a growth factor to the moving average as a way of adjusting for the event.

• The event model adjusts data for each of the events identified to distort the trend and seasonal patterns of the time series.

• The event model initializes events so they can be selected to initialize or warm up the model.

• The event model adds a smoothing constant for the events identified as important in the historical data.

Answer 1

Event modelling-----

is a way to design a blueprint for an Information System of any size or scale. It is done in a way that allows the clearest communication of the system's workings to the largest possible cross-section of roles in an organization.

Hence

The event model initializes events so they can be selected to initialize or warm up the model.(ans)

Note-if there is any understanding problem regarding this please feel free to ask via comment box..thank you