If one forecasting technique were more accurate than another technique when applied to past data, why would

Question:

If one forecasting technique were more accurate than another technique when applied to past data, why would the first technique not necessarily be preferred for use in the future?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Practical Operations Management

ISBN: 9781939297136

2nd Edition

Authors: Natalie Simpson

See More Books

Question Posted: Apr 25, 2024 02:20 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Presented below is information related to Larkspur Inc.'s inventory, assuming Larkspur uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost $224.20 $125.08 $62.54 Selling...
Refer to the Baseball 2010 data, which report information on the 30 Major League Baseball teams for the 2010 season. Let the number of games won be the dependent variable and the following variables...
The potential buyer of a particular engine requires (among other things) that the engine start successfully 10 consecutive times. Suppose the probability of a successful start is 0.990. Let us assume...
A 3-ft-diameter duct is used to carry ventilating air into a vehicular tunnel at a rate of $9000 \mathrm{ft}^{3} / \mathrm{min}$. Tests show that the pressure drop is $1.5 \mathrm{in}$. of water...
Owl, Inc., was owned entirely by Jeri Bell and Jerry Gore, each owning 620,000 of the 1,240,000 shares of common stock outstanding. On January 1, 2015, Owl established an employee stock ownership...
Ms X, your client, while in her final year of her part time LLB studies and who lives in Johannesburg and works as a paralegal earning R50 000 per month, meets the love of her life, Mr Y. Mr Y is a...
Does a moving average forecast become more or less responsive to changes in a data series when more data points are included in the average?
Hallmark Hotels must renovate several of its hotel properties. In preparation, Hall- mark Hotels hired your consulting firm to conduct a QFD analysis to determine what changes, if any, Hallmark...
Absorption costing and production-volume variance-alternative capacity bases. Earth Light First (ELF), a producer of energy-efficient light bulbs, expects that demand will increase markedly over the...
Can you help me answer/analyze/evaluate the following questions about the response email message below? 1. Is it clear and easy to understand? 2. Is it honest? 3. Does it project a sense of goodwill...
3. Imagine an ending balance in AR at December 31, 2016, of $100,000, and imagine the auditor is looking at subsequent cash receipts between January and March related to these receivables. a....
Accounting for the Lessor, not the Lessee. Sales-type and operating lease journal entries. I need help with these journal entries. Please answer whether it is a debit or credit, and why it is this...
Show how successfully its business performed during a period of time home depot reports its revenues and expenses?
How to journal company recieved and paid septembers power bill?
A 400-L rigid tank contains 5 kg of air at 25C. Determine the reading on the pressure gage if the atmospheric pressure is 97 kPa.
Why do markets typically lead to an efficient outcome for buyers and sellers?
Basic Risk Adjustment in Capital Budgeting The RADR (Risk adjusted Discount Rate Method ) approach involves the use of CAPM. While CAPM is commonly used at the firm level, it can also be used at the...
Critical theory provides how much opportunity for empirical testing ?
Choose a type of financial institution (depository/banks, investment banks, insurance companies, pension funds, mutual funds, investment companies, finance companies, venture capital, high net worth...

If one forecasting technique were more accurate than another technique when applied to past data, why would

Question:

Step by Step Answer:

Answer There are several reasons why a forecasting technique that was more accurate when applied to ...View the full answer

Practical Operations Management

Students also viewed these Business questions