Not considering historical averages when making predictions of possible future events is known as a. Base rate

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Not considering historical averages when making predictions of possible future events is known as

a. Base rate fallacy.

b. Base rate ignorance.

c. Historical rate fallacy.

d. Historical rate ignorance

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Introduction To Business Analytics

ISBN: 9781265454340

1st Edition

Authors: Vernon Richardson, Marcia Watson

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Question Posted: Jul 25, 2023 02:47 AM

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Not considering historical averages when making predictions of possible future events is known as a. Base rate

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Introduction To Business Analytics

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