Using the Latest Observation in a Sequence of Data to Forecast

question 16

Multiple Choice

Using the latest observation in a sequence of data to forecast the next period is

• A)a moving average forecast.
• B)a naive forecast.
• C)an exponentially smoothed forecast.
• D)an associative forecast.
• E)a regression analysis.

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Definitions:

Nonexcludability

The inability to keep nonpayers (free riders) from obtaining benefits from a certain good; a characteristic of a public good.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of society and one person's consumption does not reduce availability for others.

Public Good

A good or service offered to every member of a society for free, supplied by either government entities or private individuals or groups, without seeking financial gain.

Collective Willingness

The aggregate propensity of a group to invest in goods, services, or actions that benefit the community or society as a whole.