The Most Widely Used Forecasting Technique Used After Trend Extrapolation

question 94

Multiple Choice

The most widely used forecasting technique used after trend extrapolation is

• A) statistical modeling.
• B) simulations.
• C) scenario-writing.
• D) expert opinion.
• E) brainstorming.

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Definitions:

Matched Pairs

A study design in which each experimental unit (or subject) is paired with a control unit that is similar in terms of key variables except for the treatment under investigation.

Ordinal

Ordinal relates to a categorical, statistical data type which reflects ordered entities in which the order matters but the differences between the entities do not have a mathematical meaning.

Friedman Test

A non-parametric statistical test used to compare three or more matched or paired groups across multiple test conditions or times, assessing differences in rankings.

Ordinal Data

A type of categorical data that has a meaningful order or ranking among the categories but not a measurable distance between them.