Which One of the Following Statements About Forecasting Is False

question 35

Multiple Choice

Which one of the following statements about forecasting is False?

• A) The method for incorporating a trend into an exponentially smoothed forecast requires the estimation of three smoothing constants: one for the mean, one for the trend, and one for the error.
• B) The cumulative sum of forecast errors (CFE) is useful in measuring the bias in a forecast.
• C) The standard deviation and the mean absolute deviation measure the dispersion of forecast errors.
• D) A tracking signal is a measure that indicates whether a method of forecasting has any built-in biases over a period of time.

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Definitions:

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, leading to physical, emotional, and social consequences.

Famine

An extreme scarcity of food, leading to widespread hunger, malnutrition, and mortality in a population.

Schizophrenia

Schizophrenia is a chronic and severe mental disorder that affects how a person thinks, feels, and behaves, characterized by delusions, hallucinations, and impaired cognitive function.

Malnourished

A condition resulting from not consuming enough nutrients, leading to health problems.