Aggregate Forecasts Are Usually More Accurate Than Disaggregate Forecasts Because

question 52

Multiple Choice

Aggregate forecasts are usually more accurate than disaggregate forecasts because

• A)aggregate forecasts tend to have a larger standard deviation of error relative to the mean.
• B)aggregate forecasts tend to have a smaller standard deviation of error relative to the mean.
• C)disaggregate forecasts tend to have a smaller standard deviation of error relative to the mean.
• D)disaggregate forecasts tend to have less standard deviation of error relative to the mean.

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Definitions:

Wheat

A cereal grain cultivated worldwide and is one of the staple foods, used to make products like bread, pasta, and pastry.

Toys

Products designed for play, entertainment, or educational purposes, often targeted at children.

Pauper Labor Fallacy

The incorrect belief that importing goods from countries with lower wage levels hurts the economy of a country with higher wage levels.

Sweatshop Labor Fallacy

The misconception that sweatshop labor is entirely harmful and provides no benefit to workers in developing countries.