Which of the Following Is a Possible Source of Bias

question 64

Multiple Choice

Which of the following is a possible source of bias error in forecasting?

• A) Failing to include the right variables
• B) Using the wrong forecasting method
• C) Employing less sophisticated analysts than necessary
• D) Using incorrect data
• E) Using standard deviation rather than MAD

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Definitions:

Differentiation

The process by which a society or social system becomes more complex by creating specialized roles and institutions.

Functionalism

A theoretical approach in social sciences that emphasizes the social stability and equilibrium maintained through the interdependence of societal institutions.

Parsons

Refers to Talcott Parsons, an influential American sociologist known for his work on the social action theory and the development of functionalism.

Vested Interests

Veblen’s term to describe why privileged members of society resist change.