Which of Following Approaches Should Forecasters Follow While Choosing the Best

question 68

Multiple Choice

Which of following approaches should forecasters follow while choosing the best forecasting method?

• A)Select the method that results in the fewest forecasting errors.
• B)Examine the performance of a single forecasting method over time.
• C)Select the method that results in the largest forecasting errors.
• D)There is no significance on the forecasting method selected since there will always be differences between the forecasts and actual values.

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Definitions:

Phantom Sensation

the perception of feeling in a limb or other part of the body that has been amputated or is otherwise missing.

Auditory

Relating to the sense of hearing and the perception of sound.

American Anti-Slavery Society

An abolitionist society founded in 1833 to advocate for the immediate emancipation of all slaves in the United States.

Fanny Wright

Frances Wright was a Scottish-born lecturer, writer, freethinker, feminist, abolitionist, and social reformer, who became a US citizen and played a significant role in the early women's rights and abolition movements.