Forecasting Models Can Be Divided into Three Groups

question 90

Multiple Choice

Forecasting models can be divided into three groups.They are _____ methods.

• A)time series,optimization,and simulation
• B)judgmental,extrapolation,and econometric
• C)judgmental,random,and linear
• D)linear,non-linear,and extrapolation

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Definitions:

Living Things

Organisms that exhibit the characteristics of life, including growth, reproduction, functional activity, and continual change preceding death.

Jean-Baptiste Lamarck

An early 19th-century French biologist who proposed the theory of inheritance of acquired characteristics as a mechanism for evolutionary change.

Evolution

The change in the heritable characteristics of biological populations over successive generations.

Great Chain of Being

An ancient and medieval concept that all forms of life and matter in the universe have a precise order and hierarchy, from the lowest forms of matter to the highest spiritual beings.