Which Statement About Forecast Accuracy Is TRUE

question 19

Multiple Choice

Which statement about forecast accuracy is TRUE?

• A)A manager must be careful not to "overfit" past data.
• B)The ultimate test of forecasting power is how well a model fits past data.
• C)The ultimate test of forecasting power is how a model fits holdout samples.
• D)The best technique in explaining past data is the best technique to predict the future.

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