Which of the Following Does a Forecast Always Assume

question 27

Multiple Choice

Which of the following does a forecast always assume?

• A) Base demand always moves in a positive direction
• B) Business cycles do not exist
• C) The past always repeats itself
• D) Every forecast is seasonal

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, affecting the calculation of various statistical tests.

P-Value

The probability of observing data at least as extreme as those observed, given that the null hypothesis is true, used in hypothesis testing.

Sample Size

The number of observations or individuals included in a sample from a population for the purpose of statistical analysis.

Type II Error

A statistical error that occurs when a false null hypothesis is not rejected, also known as a false negative.