Question: In the context of forecasting, why is it problematic to rely on data that is not regularly used? Such data may not reflect current market
In the context of forecasting, why is it problematic to rely on data that is not regularly used?
Such data may not reflect current market conditions accurately.
It leads to overconfidence in the forecasting model.
Infrequently used data is typically less detailed.
It increases the complexity of the forecasting model unnecessarily.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
