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:

Insecta

The class within the phylum Arthropoda that includes insects, characterized by a three-part body, compound eyes, and one pair of antennae.

Biogeographic Province

A region defined by unique ecological and evolutionary processes that shape the distribution and diversity of species within it.

Marsupials

A group of mammals characterized by giving birth to relatively undeveloped offspring that typically continue to grow inside the mother's pouch.

Evolutionary Biologists

Scientists who study the evolutionary processes that have given rise to the diversity of life on Earth.