The Best Advice for Using Forecasts Is

question 78

Multiple Choice

The best advice for using forecasts is

• A)use multiple forecasts and perhaps average their predictions.
• B)forecasts become more accurate the further into the future you predict.
• C)forecasts improve the data used to construct them.
• D)the more complex the forecast,the more accurate it is.
• E)Unexpected events are all the more reason to stick to the forecast.

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Definitions:

Standard Form

A way of structuring arguments or expressions according to fixed rules, often to clarify logical relations.

Categorical Conclusion

A statement resulting from a syllogistic argument, characteristic of being definitive and relating to categories or classes.

Argument

An explanation or collection of explanations offered to justify the correctness or incorrectness of a particular action or notion to persuade others.

Hypothetical

Based on or involving a hypothesis; not real but imagined for the purpose of discussion or further investigation.