The Use of Intuitive Prediction in Forecasting

question 21

Multiple Choice

The use of intuitive prediction in forecasting:

• A)puts the wrong weights on different kinds of information.
• B)provides approximately correct decisions most of the time.
• C)is objective and reliable.
• D)gives statistically significant results.
• E)is consistent with probabilistic prediction.

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Definitions:

Photoelectric Sensor

A device that uses light to detect the presence, absence, or distance of an object.

Transmitter

A device that sends signals, often converted from physical measurements, to other instruments or systems for monitoring or control purposes.

Light Sensor

A device that detects light and converts it into an electrical signal.