Which of the Following Groups of Economic Forecasters Have Been

question 114

Multiple Choice

Which of the following groups of economic forecasters have been able to forecast "turning points" when the economy turned up or down?

• A)forecasters at the Fed
• B)forecasters in branches of the government other than the Fed
• C)forecasters at private firms
• D)none of the above
• E)all of the above

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Definitions:

Measurements

The process of obtaining a quantitative value that describes a physical characteristic of an object or phenomenon.

Most Likely

A term used to describe the outcome or event that has the highest probability of occurring.

Resamples

The act of drawing repeated samples from a larger dataset, often used in bootstrapping and other statistical methods to estimate the precision of sample statistics.

Measurements

The act or process of quantifying physical properties, dimensions, quantities, or capacities using standard units.