All of the Following Are Important Concepts in Forecasting Except

question 62

Multiple Choice

All of the following are important concepts in forecasting except

• A)Determining the planning horizon length.
• B)Determining the time bucket size (i.e., year, quarter, month, week, day, etc.).
• C)Using a smoothing constant of 0.1 in Delphi methods of forecasting.
• D)Identifying cyclical patterns.

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Definitions:

Per-unit Burden

The tax cost to a buyer or a seller for each unit of a good or service, often used to analyze the effect of taxes on market equilibrium.

Tax

A financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Consumer Surplus

The shortfall between the total consumers are willing to contribute towards a good or service and the actual contribution.

Tax

A mandatory financial charge or a type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.