The Primary Assumption of a Composite Forecast That Gives Equal

question 11

True/False

The primary assumption of a composite forecast that gives equal weight to each forecasting method is no method is more accurate than another.

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Definitions:

Interval Measures

A scale of measurement in which the numerical differences between values are meaningful, and there is no true zero point.

Equal Distance

A measure indicating that two or more points are at the same spatial or conceptual distance from each other.

Number

A mathematical object used to count, measure, and label.

Computed

Calculated or determined by a computer or computer process.