A Forecast Is Said to Be Biased If It Is

question 24

True/False

A forecast is said to be biased if it is consistently greater than actual values.

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Definitions:

Inborn Ideas

Concepts or understanding believed to be present in an individual from birth, as opposed to acquired through experience.

Plato

An ancient Greek philosopher who founded the Academy in Athens and made foundational contributions to Western philosophy and science.

Positive Psychology

A branch of psychology focused on the study of happiness, well-being, and positive human functioning.

Martin Seligman

A psychologist known for his work on learned helplessness, positive psychology, and the promotion of well-being.