According to One Study, the Most Important Criteria Used to Select

question 88

Multiple Choice

According to one study, the most important criteria used to select a specific forecasting method is

• A) the accuracy of the forecasting method.
• B) ease of use.
• C) data requirements.
• D) the cost of the method.
• E) familiarity with the method.

---

Definitions:

Own a Car

Refers to the possession or ownership of an automobile by individuals or households.

Standard Deviation

A metric that quantifies how spread out a dataset is around its average, determined by taking the square root of the variance.

Mean Score

The arithmetic average of a set of numerical values, calculated by adding all the scores together and dividing by the number of scores.

Weight Loss Program

A structured plan designed to help individuals lose weight, often including diet, exercise, and sometimes counseling or medication.