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:

Business Activity

The various actions undertaken by individuals or entities engaging in commercial, industrial, or professional operations.