Which of the Following Is an Advantage of Statistical Forecasting

question 77

Multiple Choice

Which of the following is an advantage of statistical forecasting methods?

• A)They are particularly useful if important events that occur in the labor market have no historical precedent.
• B)They are particularly useful in dynamic environments.
• C)They provide predictions that are much more precise than judgmental methods.
• D)Small companies that cannot afford their own testing programs rely on statistical forecasting methods to recruit temporary employees.
• E)In the event of a legal dispute, they are more acceptable as evidence by juries.

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Definitions:

Cigarette Tobacco

Dried and processed leaves of the tobacco plant that are rolled or stuffed into cigarettes for smoking.

Adult Population

Refers to the segment of the population that is considered adult, typically individuals aged 18 years and older.

Dangers Of Smoking

Health risks and negative impacts associated with tobacco use, including increased risk of cardiovascular diseases, lung cancer, and respiratory issues.

Social Pressure

The influence exerted by others in one's social group, compelling individuals to change their behavior, attitudes, or actions to conform to group norms.