The Following Are Elements That Must Be Present for Someone

question 56

Multiple Choice

The following are elements that must be present for someone to be found guilty of a negligent act in a tort claim except

• A) existence of a legal duty between the parties
• B) failure to provide an extraordinary standard of care
• C) presence of injury or damages
• D) evidence that the negligence is the proximate cause of the loss

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Definitions:

Cyclical Effect

A pattern of fluctuations in a time series that corresponds to cycles in the broader economy, often related to business or economic conditions lasting more than a year.

Exponential Smoothing

A time series forecasting method for univariate data that applies smoothing factors to make forecasts.

Smoothing Constant

A parameter used in exponential smoothing forecasting methods to control the rate at which older observations are dampened.

Forecasted Value

A prediction or estimate of a future value based on historical data and analysis.