Time Series Forecasting QUIZ - MCQ QUESTIONS AND ANSWERS

Question: 1

What is the main advantage of using Long Short-Term Memory (LSTM) neural networks for time series forecasting?

Question: 2

Which of the following time series forecasting methods is based on a weighted average of past observations, with more recent observations receiving higher weights?

Question: 3

What is the purpose of the Partial Autocorrelation Function (PACF) in time series analysis?

Question: 4

What is the primary assumption of an Autoregressive Integrated Moving Average (ARIMA) model?

Question: 5

In time series forecasting, what is the purpose of using an ensemble method, such as combining multiple forecasting models?

Question: 6

What is a rolling window approach in time series forecasting?

Question: 7

What is a major drawback of using a simple moving average for time series forecasting?

Question: 8

In the context of time series forecasting, what is "forecast horizon"?

Question: 9

What is a key advantage of using state space models for time series forecasting?

Question: 10

Which of the following techniques can be used to handle multivariate time series forecasting?

Question: 11

What is the primary purpose of cross-validation in time series forecasting?

Question: 12

What is the purpose of using a Box-Cox transformation in time series analysis?

Question: 13

What is the primary advantage of using the Bayesian Structural Time Series (BSTS) model for time series forecasting?

Question: 14

What is the main difference between additive and multiplicative seasonality in time series data?

Question: 15

Which of the following time series models explicitly accounts for both seasonality and trend?

Question: 16

Which time series forecasting technique is most appropriate for a dataset with a large number of missing values?

Question: 17

What is the main advantage of using Prophet, a time series forecasting library developed by Facebook?

Question: 18

What is the main disadvantage of using a naive forecasting method, such as predicting the next value in a time series to be equal to the last observed value?

Question: 19

Which of the following time series models is based on the idea of decomposing a time series into its trend, seasonal, and residual components?

Question: 20

What is the purpose of using a rolling forecast origin in time series cross-validation?

Question: 21

In the context of time series forecasting, what is meant by "cointegration"?

Question: 22

What is the main difference between Autoregressive (AR) and Moving Average (MA) models in time series analysis?

Question: 23

In the context of time series analysis, what is a "lag"?

Question: 24

What is the purpose of decomposing a time series?

Question: 25

Which of the following methods is NOT a time series forecasting technique?

Question: 26

What is autocorrelation in the context of time series analysis?

Question: 27

What is seasonality in the context of time series analysis?

Question: 28

What is the primary goal of time series forecasting?

Question: 29

What is the purpose of the Augmented Dickey-Fuller (ADF) test?

Question: 30

What is the main difference between simple exponential smoothing and Holt's linear trend method?