Which of the Following Statements Is FALSE About Good Forecasts

question 95

Multiple Choice

Which of the following statements is FALSE about good forecasts?

• A)They should be easy to interpret so that users have confidence in the forecasts.
• B)The costs of preparing the forecasts should outweigh its benefits.
• C)Any deviations from actual demand should be small.
• D)They should be available within a reasonable timeframe.

---

Definitions:

Manufacturing Jobs

Employment in industries that produce goods using labor and machines, typically within a factory or production facility.

Unemployment Insurance

A government program that provides financial assistance to unemployed workers, helping to mitigate the loss of income during periods of joblessness.

Frictional Unemployment

This refers to the short-term unemployment that arises from the process of matching workers with jobs, typically when individuals are transitioning between jobs, entering the workforce, or changing locations.

Sectoral Shifts

Changes in economic activity or demand patterns across various sectors of the economy.