One Disadvantage of Time-Series Forecasting Is That It Requires Knowledge

question 132

True/False

One disadvantage of time-series forecasting is that it requires knowledge of a future cause in order to predict change in an independent variable.

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Definitions:

Correlational Study

A research method that examines the relationship between two or more variables to determine if a change in one is associated with a change in others.

Retrospective Study

A research design that looks back in time to analyze data from past records to investigate a particular outcome or phenomenon.

Prospective Study

A research design that follows participants forward in time to examine the relationship between specific exposures and outcomes.

Clinical Trial

A research design that tests the effects of medical treatment. Many clinical trials are randomized controlled trials that allow researchers to determine whether a new treatment is or is not effective.