​For a Forecast to Show Skill It Must
A) ​Be $\degree$

question 60

Multiple Choice

​For a forecast to show skill it must

• A) ​be better than one based on persistence or climatology.
• B) ​be accurate to within 2\(\degree\)C of the predicted temperature.
• C) ​be accurate for over more than 90 percent of the forecast area.
• D) ​use the analog method of forecasting.
• E) ​use a probability.

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Definitions:

Supply Increases

Supply increases refer to a situation in which the availability of a product or service in the market rises, which can be due to factors such as improved production methods or increased raw material availability.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.