The Goal of Forecasting Is to Select a Method That

question 12

True/False

The goal of forecasting is to select a method that delivers a balance between the lowest possible error along with acceptable forecasting costs.

---

Definitions:

Bipedalism

The ability of an organism to walk on two legs.

Quadrupeds

Animals that use all four limbs for locomotion, typical of many mammals, including those that humans evolved from.

Using Tools

describes the ability or practice of employing physical items to perform tasks more efficiently, a trait observed in humans and some other species.