Averaging Techniques Are Useful For

question 26

Multiple Choice

Averaging techniques are useful for:

• A)distinguishing between random and nonrandom variations.
• B)smoothing out fluctuations in time series.
• C)eliminating historical data.
• D)providing accuracy in forecasts.
• E)average people.

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Definitions:

Fundamental Attribution Error

The tendency for observers to underestimate situational influences and overestimate personal dispositional factors when interpreting others' behavior.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Categorization

The process of recognizing, differentiating, and understanding objects or concepts by grouping them based on common characteristics.

Attribution

Attribution refers to the process by which individuals explain the causes of behavior and events, attributing them to internal dispositions or external situations.