In the Context of Forecasting, the Term__________refers to the Tendency

question 22

Multiple Choice

In the context of forecasting, the term__________refers to the tendency of forecasts to consistently be larger or smaller than the actual values of the time series.

• A) trend
• B) bias
• C) fad
• D) variability

---

Definitions:

Client's Premises

The physical location or property owned or occupied by a client, often mentioned in service agreements or contracts.

Impartial And Honest

Being fair and truthful, without bias or deceit.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Binomial Random Variable

A type of discrete random variable that represents the number of successes in a fixed number of binary trials, each having the same probability of success.