Which of the Following Is True of Statistical Forecasting Methods

question 51

Multiple Choice

Which of the following is true of statistical forecasting methods that capture historic trends?

• A)They are useful for predicting events in the labor market that have no historic precedent.
• B)They are particularly useful in situations where there is no long,stable history.
• C)They provide predictions that are much more precise than judgmental methods.
• D)They remove the need for subjective judgments of experts.
• E)They include variables such as intuition and guesswork in economic decision-making.

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Definitions:

RDS

Respiratory distress syndrome, a condition often seen in premature infants causing them difficulty in breathing due to undeveloped lungs.

COPD

Chronic Obstructive Pulmonary Disease, a progressive lung disease characterized by increasing breathlessness.

Pleurisy

Also known as pleuritis; this is an inflammation of the parietal pleura of the lungs.