A Method of Forecasting That Best Describes the Flows from One

question 52

Multiple Choice

A method of forecasting that best describes the flows from one sector of the economy to another is called

• A) regression.
• B) econometric model.
• C) input-output model.
• D) simulation model.

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Definitions:

Calculate

To calculate means to determine the amount or number of something by using mathematical processes.

Birth Rate

The number of live births per thousand of population per year.

Population

The total set of individuals or items of interest for statistical, analytical, or research purposes.

Per Annum

An expression meaning "for each year," used to describe rates or amounts calculated on an annual basis.