Which of the Following Is True of Statistical Forecasting Methods

question 51

Multiple Choice

Which of the following is true of statistical forecasting methods that capture historic trends?

• A)They are useful for predicting events in the labor market that have no historical precedent.
• B)They are particularly useful in situations where there is no long, stable history.
• C)They provide predictions that are much more precise than judgmental methods.
• D)They remove the need for subjective judgments of experts.
• E)They include variables like intuition and guesswork into economic decision making.

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Definitions:

Deception

The act of misleading or tricking someone into believing something that is not true.

Informed Consent

A process ensuring participants are fully aware of the research procedures, risks, benefits, and their rights before agreeing to participate.

Debriefing Session

A meeting where participants are informed about the full purpose and procedures of an experiment after it takes place.

Aggressive Behavior

Actions rooted in anger or hostility, intended to harm or assert dominance over others.