In Forecasting, What Is an Index

question 42

Multiple Choice

In forecasting, what is an index?

• A) It is a single measure that weights multiple indicators and provides a measure of overall expectation.
• B) It is a stream of historical data, such as weekly sales.
• C) It is a time series that does not have trend, seasonal, or cyclical effects but is relatively constant and only exhibits random behavior.
• D) It is a measure that provides a complete forecast.

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Definitions:

Traits

Characteristics or features of organisms passed from parents to offspring through genes.

Heterozygous

Referring to having two different alleles of a particular gene, one inherited from each parent.

Phenotypes

The observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.

Red Eyes

Refers to an eye color in some animals, resulting from the reflection of light in the eyes or lack of pigmentation.