Forecast Bias Measures the Average Amount of Error Per Forecast

question 109

True/False

Forecast bias measures the average amount of error per forecast, so a positive value means that forecasts tended to be too low.

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Definitions:

Psychotherapy Satisfaction

A measure of a patient's contentment with the process and outcomes of their psychotherapy experience.

Cognitive Therapy

A type of psychotherapy that helps patients identify and correct distorted thought patterns that can lead to feelings and behaviors that are troublesome, self-defeating, or self-destructive.

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning and other learning principles.

Behavioral Conditioning Therapies

Psychiatric treatment approaches that use conditioning techniques to change undesirable behaviors into more desirable ones through reinforcement or punishment.