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

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Definitions:

Useful

Having a beneficial use; helpful for achieving a task or purpose.

Creativity

The ability to produce original and valuable ideas or solutions to problems through imaginative thinking and innovation.

Intelligence

The ability to acquire knowledge, understand complex ideas, adapt to environments, learn from experiences, and apply reasoning in problem-solving.

Relationship

The way in which two or more people or things are connected, or the state of being connected.