A Forecast Model That Consistently Over or Under Forecasts Certain

question 45

Multiple Choice

A forecast model that consistently over or under forecasts certain weather predictors suffers from

• A)computational migraines.
• B)forecast bias.
• C)lack of data.
• D)poor data assimilation.

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Definitions:

Salaries

Regular payments made by employers to employees, usually monthly, for their professional services.

Indirect

In accounting and finance, refers to costs or expenses that are not directly tied to a specific product, service, or department but are necessary for business operations.

Wages of the Baker

The compensation paid to a baker for their labor, typically based on hours worked or production completed.

Prime Cost

The sum of direct materials and direct labor costs incurred in the manufacturing of a product.