Short-Range Forecasts Tends to ________ Longer-Range Forecasts

question 139

Multiple Choice

Short-range forecasts tends to ________ longer-range forecasts.

• A)be less accurate than
• B)be more accurate than
• C)have about the same level of accuracy as
• D)employ the same methodologies as
• E)deal with more comprehensive issues than

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Definitions:

Population Parameter

A numerical value that represents a characteristic of an entire population, such as its mean or variance.

Sample Statistic

A numerical value calculated from a subset (sample) of a population, used to estimate the characteristics of the entire population.

Chebysheff's Theorem

A statistical theorem that provides a minimum probability for how much data falls within a certain number of standard deviations from the mean, applicable for any data distribution.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean of the set.