Which of the Following Is NOT a Reason Given for Why

question 10

Multiple Choice

Which of the following is NOT a reason given for why forecasters are so often incorrect?

• A) There is a temptation for economic forecasters to stay fairly close to the "norm," that is, "group think."
• B) Many analysts are simply too short-sighted.
• C) Economists and economic forecaster often suffer from information overload.
• D) Some economic forecasters are too broad-minded, as they try to include a number of ideas in their forecasts.
• E) None of these are correct (that is, all are reasons cited for why forecasters are often incorrect).

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Definitions:

Cost Reduction

Strategies or measures implemented to lower expenses and improve efficiency within an organization or project.

Financial Gains

Increases in wealth or income, typically resulting from investments, business operations, or other economic activities.

Offshoring

The practice of relocating business processes or production to a foreign country to reduce costs or take advantage of favorable conditions.

Canadian Firms

Companies that are incorporated in Canada, governed by Canadian law, and typically operate within Canadian markets.