Which of the Following Is NOT True of Prediction

question 46

Multiple Choice

Which of the following is NOT true of prediction?

• A)It is a statement of what is believed will happen in the future.
• B)It may be based on prior observation.
• C)We are seldom confronted with the need to make predictions.
• D)It may be based on past experience.
• E)Marketing managers are constantly faced with the need to make predictions.

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Definitions:

Internal Rate of Return

The discount rate that makes the net present value of all cash flows from a particular project equal to zero.

Average Payoff

A measure used in decision theory and game theory to determine the expected value of an investment or decision under uncertainty.

Payoff Table

A table that shows the possible outcomes or payoffs of different decisions under various states of nature or scenarios.

Mortgage Options

Various loan mechanisms available to buyers to finance the purchase of a home, including fixed-rate, adjustable-rate, and others.