The Use of Quarterly Data to Develop the Forecasting Model

question 13

Multiple Choice

The use of quarterly data to develop the forecasting model Y_t = a +bY_t-1 is an example of which forecasting technique?

• A)Barometric forecasting
• B)Time-series forecasting
• C)Survey and opinion
• D)Econometric methods based on an understanding of the underlying economic variables involved
• E)Input-output analysis

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Definitions:

Photoreceptors

Cells in the retina of the eye that respond to light, crucial for vision.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors via intermediate bipolar cells and transmit it to the brain.

Optic Nerve

The nerve that transmits visual information from the retina to the brain.

Retina

A layer at the back of the eyeball containing cells that are sensitive to light and trigger nerve impulses that pass via the optic nerve to the brain.