A forecast is defined as a(n)
A. prediction of future values of a time series.
B. quantitative method used when historical data on the variable of interest are either unavailable or not applicable.
C. set of observations on a variable measured at successive points in time.
D. outcome of a random experiment.
Answer: A
You might also like to view...
What is a difference between middle managers and upper-level managers that makes ethics training of particular importance for the middle manager?
a. Middle managers place more pressure on their subordinates than they receive from their own upper-level managers. b. Middle managers are often younger and more inexperienced, and thus, they are in greater need of instruction. c. Middle managers have less hierarchical pressure to keep them disciplined. d. Middle managers have greater impact on the ethics of subordinates.
Which of the following statements about the current status (as of 2014) of legal and illegal immigration in the United States is accurate?
a. Relatively few undocumented workers in the U.S. have children. b. Illegal workers take a roughly even mix of low-skilled and high-skilled jobs. c. Several western states had the highest percentage of undocumented workers. d. The majority of illegal residents in the U.S. are not in the workforce.
The survival pricing objective is most effective when used in a long-term capacity
Indicate whether the statement is true or false
Choose the correct word or words in parentheses. Do you know (who, whom) the visitor was?