Discussion
The forecasts on the basis of a time series are :
Answer: B
Time series forecasts are true to some extent.
A time series forecast projects the trend, seasonal and cyclical components found in past data into the future. Its random or irregular component cannot be predicted, and the future may not follow past patterns, so forecasts are approximations with some error.
They are never guaranteed to be 100% true, yet they are useful and often fairly close, so 'never true' is also wrong. Since the first and third options contradict each other, 'All of the above' cannot be right.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development