If a Forecast Is Consistently Greater Than (Or Less Than)

question 3

True/False

If a forecast is consistently greater than (or less than) actual values, the forecast is said to be biased.

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Definitions:

Soundproof Dictation

The process of verbally recording information or transcribing speech in an environment insulated from external noise to ensure clarity and privacy.

Tarasoff Case

A legal case that established a precedent in U.S. law for mental health professionals' duty to warn identifiable individuals if a client makes threats of violence toward them.

Limits on Confidentiality

Legal or ethical boundaries within which privacy of information must be maintained, but under certain conditions, privacy may be breached.

Failure to Warn

Legal terminology denoting a situation where an individual or entity does not adequately inform others about potential risks or dangers.