What Are Forecasts

question 231

Multiple Choice

What are forecasts?

• A)a statement about what will happen or might happen in the future; for example, predicting future sales or employee turnover
• B)a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste
• C)predictions based on time-series information
• D)a statistical process for estimating the relationships among variables

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Definitions:

Viscera

The internal organs in the main cavities of the body, especially those within the abdominal cavity.

Taste Buds

Sensory organs located on the tongue and other parts of the mouth, which are responsible for detecting the five elements of taste perception: sweetness, sourness, saltiness, bitterness, and umami.

Pigments

Substances that impart color to other materials and are responsible for the colors seen in the natural world.

Color Vision

Ability of the eye to detect specific wavelengths of light; involves specialized cone cells that detect blue, green, and red wavelengths.