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:

Bloodstream

The flowing blood within the circulatory system of the body.

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs, influencing growth, metabolism, and mood.

Functional Magnetic Resonance Imaging

An imaging technique used to observe brain activity by detecting changes associated with blood flow, enabling researchers to study the brain in action.

PET Scan

A medical imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes and other physiological activities in the body.