All of the Following Are True About Time Series Methods

question 34

Multiple Choice

All of the following are true about time series methods EXCEPT ______.

• A) they discover a pattern in historical data and project it into the future
• B) they identify a set of related independent, or explanatory, variables
• C) they assume that the pattern of the past will continue into the future
• D) their forecasts are based solely on past values of the variable or past forecast errors

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.