Question: When should we consider applying a judgmental adjustment to a statistical forecast? Question 9 options: To make a forecast appear more optimistic. To make users
When should we consider applying a judgmental adjustment to a statistical forecast?
Question 9 options:
|
| To make a forecast appear more optimistic. |
|
|
To make users feel that they have contributed to the forecasts by giving them a say in the final forecast. |
|
| To correct for systematic pattern in the data that the forecaster sees but is not accounted for in the statistical model. |
|
| When significant new information becomes available that was not incorporated in the historical data used to generate the forecast. |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
