Which of the Following Features Would Not Generally Be Considered

question 142

Multiple Choice

Which of the following features would not generally be considered common to all forecasts?

• A)Assumption of a stable underlying causal system.
• B)Actual results will differ somewhat from predicted values.
• C)Historical data is available on which to base the forecast.
• D)Forecasts for groups of items tend to be more accurate than forecasts for individual items.
• E)Accuracy decreases as the time horizon increases.

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Definitions:

Formal Operations

The final stage of cognitive development in Jean Piaget's theory, marked by the ability to think abstractly and to understand hypothetical concepts.

Concrete Operations

A stage in cognitive development, as theorized by Jean Piaget, where children gain the ability to think logically about concrete events.

Formal Operational Stage

The Formal Operational Stage is the final stage in Piaget's cognitive development theory, starting at around age 12, where individuals gain the ability to think abstractly, reason logically, and understand hypothetical situations.

Specified Age

A particular age or age group that is mentioned or targeted for a specific purpose or study.