Long-Term Forecasts Are Usually Less Accurate Than Short-Term Forecasts Because

question 1

Multiple Choice

Long-term forecasts are usually less accurate than short-term forecasts because

• A)short-term forecasts have a larger standard deviation of error relative to the mean than long-term forecasts.
• B)short-term forecasts have more standard deviation of error relative to the mean than long-term forecasts.
• C)long-term forecasts have a smaller standard deviation of error relative to the mean than short-term forecasts.
• D)long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts.

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Definitions:

Trickle-down Theories

Theories suggesting that trends, behaviors, or innovations initiated by higher socioeconomic groups gradually spread to lower socioeconomic groups.

Trickle-down Theory

An economic hypothesis that argues benefits for the wealthy will "trickle down" to everyone else, improving the economy as a whole.

Reward-rejection

A psychological response where an individual rejects a reward, possibly due to feeling it is unearned or fearing its implications.

Coding

Coding involves translating and structuring data or instructions into a form that is understandable by computers and software systems to perform specific tasks.