Define an Ensemble Forecast

question 17

Short Answer

Define an ensemble forecast.

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Definitions:

Establishment Survey

A statistical survey conducting interviews or gathering data from businesses or establishments to assess economic conditions or employment trends.

Labor Demand

The quantity of labor that employers are willing to hire at a given wage rate, reflecting the demand for labor in the labor market.

Firm's Product

A firm's product is the good or service produced or offered by a business entity.

Job Search

describes the process individuals undertake to find a new job or employment opportunity.