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

question 51

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.
• E) none of the above

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that activates what is often termed the fight or flight response.

Cerebellum

A portion of the brain involved in coordinating movement and balance, located beneath the cerebral hemispheres.

Complex Action Planning

A cognitive process involving the formulation, sequencing, and implementation of difficult, multistep actions aimed at achieving a specific goal.

Hindbrain

A region at the lower back part of the brain that controls basic life functions like breathing and heart rate, and includes structures like the cerebellum and medulla oblongata.