Long-Term Forecasts Are Usually Less Accurate Than Short-Term Forecasts Because

question 1

Multiple Choice

Long-term forecasts are usually less accurate than short-term forecasts because

• A)short-term forecasts have a larger standard deviation of error relative to the mean than long-term forecasts.
• B)short-term forecasts have more standard deviation of error relative to the mean than long-term forecasts.
• C)long-term forecasts have a smaller standard deviation of error relative to the mean than short-term forecasts.
• D)long-term forecasts have a larger standard deviation of error relative to the mean than short-term forecasts.

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Definitions:

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties involved to their state prior to the agreement.

Common Law

is a legal system based on customs, court rulings, and past legal precedents rather than on written laws or statutes.

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty.

Nonperformance

The failure to act or perform a task or duty that is required by contract, obligation, or law.