Forecasts

question 3

Multiple Choice

Forecasts

• A) become more accurate with longer time horizons.
• B) are rarely perfect.
• C) are more accurate for individual items than for groups of items.
• D) are more accurate for new products than for existing products.
• E) are impossible to make.

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Definitions:

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and more.

Dow Jones & Co.

An American publishing and financial information firm that is one of the largest financial news companies in the world, known for the Dow Jones Industrial Average.

Data

Collected information, measurements, or observations that can be analyzed to derive insights or informed decisions.

Facts and Figures

Objectively verifiable data and statistics that are used for reference or analysis.