Question 1
Which of the following statements is NOT true regardingforecasting?
A. Forecasting is the art and science of predicting future events.
B. Forecasting is exclusively an objective prediction.
C. Forecasting may involve taking historical data and projecting them into the future with a mathematical model.
D. A forecast is usually classified by the future time horizon that it covers.
Question 2
Question 3
Which of the following statements is not true regarding forecasting?
a. Forecasting may involve taking historical data and projecting them into the future with a mathematical model.
b. Forecasting is exclusively an objective prediction.
c. A forecast is usually classified by the future time horizon that it covers.
d. Forecasting is the art and science of predicting future events.
Forecasting refers to the predictions of future occasions. In economics, forecasting is defined as the systematic technique that researches statistics to expect the final results in the future.
Answer to question 1
Solution…
Which of the following statements is NOT true regarding forecasting?
The correct option is..
B. Forecasting is exclusively an objective prediction.
Explain..
Because forecasting is a broad idea with more than one application. Thus, it isn’t especially associated with objective prediction only. Forecasting has more than one objective and application.
Answer to question 2
43. The correct answer is option b. Only expected stimuli elicit memory searches.
44. The correct answer is option c. The model makes both quantitative and qualitative predictions.
45. The correct answer is option b. This is known as latent inhibition.
Answer to question 3
The correct option is b)
Because forecasting is a broad idea with more than one application. Thus, it isn’t especially associated with objective prediction only. Forecasting has more than one objective and application.
Reasons for incorrect options:
Option a) is incorrect because forecasting includes the illustration of ancient statistics and its projection.
Option c) is incorrect because forecasting covers the time horizons of destiny.
Option d) is incorrect because it is the artwork and science each of forecasting occasions so that it will arise in destiny.