C723 BUS 3100
Quantitative Analysis For Business
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
, Q1: Which of the following methods is commonly used for
forecasting in quantitative analysis?
a. Delphi Method
b. Simple Moving Average
c. SWOT Analysis
d. PEST Analysis
Answer: b. Simple Moving Average
Rationale: Simple Moving Average is a quantitative forecasting
method that smooths out data by creating a series of averages of
different subsets of the complete dataset.
Q2: In regression analysis, what does the coefficient of
determination (R^2) signify?
a. The standard deviation of the residuals
b. The likelihood of multicollinearity
c. The proportion of variance in the dependent variable that is
predictable from the independent variable
d. The point at which the sum of squares is minimized
© WGU 2024/2025
, Answer: c. The proportion of variance in the dependent variable
that is predictable from the independent variable
Rationale: R^2 measures the goodness-of-fit of the regression
model.
Q3: Which technique is used in Linear Programming to find the
optimal solution?
a. Euler's Method
b. Monte Carlo Simulation
c. Simplex Method
d. Scenario Analysis
Answer: c. Simplex Method
Rationale: The Simplex Method is used to solve linear
programming problems, providing an optimal solution to maximize
or minimize the objective function.
Q4: In time series analysis, seasonal variation is best described as:
a. Random fluctuations in data
b. Long-term changes occurring over years
c. Patterns repeating at regular intervals
d. Trends moving in a single direction
© WGU 2024/2025
Quantitative Analysis For Business
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
, Q1: Which of the following methods is commonly used for
forecasting in quantitative analysis?
a. Delphi Method
b. Simple Moving Average
c. SWOT Analysis
d. PEST Analysis
Answer: b. Simple Moving Average
Rationale: Simple Moving Average is a quantitative forecasting
method that smooths out data by creating a series of averages of
different subsets of the complete dataset.
Q2: In regression analysis, what does the coefficient of
determination (R^2) signify?
a. The standard deviation of the residuals
b. The likelihood of multicollinearity
c. The proportion of variance in the dependent variable that is
predictable from the independent variable
d. The point at which the sum of squares is minimized
© WGU 2024/2025
, Answer: c. The proportion of variance in the dependent variable
that is predictable from the independent variable
Rationale: R^2 measures the goodness-of-fit of the regression
model.
Q3: Which technique is used in Linear Programming to find the
optimal solution?
a. Euler's Method
b. Monte Carlo Simulation
c. Simplex Method
d. Scenario Analysis
Answer: c. Simplex Method
Rationale: The Simplex Method is used to solve linear
programming problems, providing an optimal solution to maximize
or minimize the objective function.
Q4: In time series analysis, seasonal variation is best described as:
a. Random fluctuations in data
b. Long-term changes occurring over years
c. Patterns repeating at regular intervals
d. Trends moving in a single direction
© WGU 2024/2025
