As the Volume and Complexity of Forecasting Data Increases and Forecasting

question 132

Multiple Choice

As the volume and complexity of forecasting data increases and forecasting uncertainty becomes very high,which forecasting models would be preferable?

• A)quantitative models
• B)statistical models
• C)qualitative models
• D)structural equation models

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Definitions:

Discriminating

Making distinctions or choices based on existing biases or preferences, often unfairly.

Trade Union Membership

The state of being part of an organized group of workers who have joined together to achieve common goals such as better working conditions.

Coercing Employees

The act of compelling employees to act in a certain way through force or threats, often in a workplace context.

Illegal Strikes

Work stoppages or labor strikes conducted without following legal procedures or without formal approval from labor authorities or unions.