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.

---

Definitions:

Glassdoor

A website where employees and former employees anonymously review companies and their management.

Job Description

A written statement that outlines the duties, responsibilities, qualifications, and conditions of a specific job position.

Tasks

Specific pieces of work or activities assigned to individuals as part of their job responsibilities.

Job Descriptions

Official documents that detail the duties, responsibilities, required qualifications, and reporting relationships of a specific job.