Which of the Following Statements About Forecasting Is False

question 57

Multiple Choice

Which of the following statements about forecasting is false?

• A) When the environment is more stable, forecasting is less complex than in unstable times.
• B) Quantitative (statistical) methods are by far preferable to non-quantitative methods for forecasting.
• C) Forecasting involves approximations, not certainties.
• D) The accuracy of information available affects the quality of the forecast
• E) The longer the time horizon, the more accurate the information used for forecasting.

Understand the factors contributing to statistically significant and nonsignificant research results.

Realize the importance of clear distinction between independent and status variables to avoid confusion in research interpretations.

Understand the distinctions and complementary aspects of quantitative and qualitative research designs.

Grasp the concept of methodological eclecticism and its importance in mixed methods research.

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Definitions:

Cognitive-behavioral

A healing strategy targeting maladaptive emotions, conduct, and beliefs via a purposeful, structured approach.

Psychodynamic

An outlook in psychology that prioritizes exploring the mental dynamics that drive human behavior, emotions, and sentiments, linking them to experiences from one’s early years.

Sociocultural

Pertaining to the combination of social and cultural factors and their influence on individual behaviors, attitudes, and identities.

Biological

Relating to the science of life or living organisms, particularly their structure, function, growth, origin, evolution, and distribution.