Which of the Following Is True About Using Forecasts

question 21

Multiple Choice

Which of the following is true about using forecasts?

• A)Multiple forecasts are best, and their predictions can be averaged.
• B)Forecasts become more accurate while predicting further into the future.
• C)Forecasts are useless when the future will look radically different from the past.
• D)The more complex the forecast, the more accurate are the predictions.
• E)The accuracy of forecasts does not vary from one application to another.

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Definitions:

Job Performance

The measure of how well an individual carries out their tasks, responsibilities, and objectives in their employment.

Cognitive Ability

The capacity to perform higher mental processes of reasoning, remembering, understanding, problem solving, and decision making.

Big Five Personality Variables

A model that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Emotional Intelligence

is the ability to recognize, understand, manage, and use emotions effectively in oneself and in relationships with others.