If a Forecast Is Consistently Greater Than (Or Less Than)

question 3

True/False

If a forecast is consistently greater than (or less than) actual values, the forecast is said to be biased.

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Definitions:

Delusion

A false belief held with strong conviction despite superior evidence to the contrary.

Hallucination

A perception in the absence of external stimulus that has qualities of real perception, often involving seeing, hearing, or feeling something that isn't there.

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.

Hippocampus

A brain structure involved in the storage of new information in memory.