Which of the following is NOT a reason for using composite forecasting?
A) different forecasters possess different information and forecasting ability
B) different forecasts differ in forecasting accuracy
C) diversification reduces the risk of large forecasting error
D) the greater the forecast sample the greater the consensus

Question

Quizplus · Accepted Answer

Composite forecasting is utilized to leverage diverse information, abilities, and to reduce forecasting error through diversification. The statement about greater sample leading to greater consensus is not a reason for using composite forecasting; rather, it's about combining different forecasts to improve overall accuracy, not about achieving consensus through sample size.

Which of the Following Is NOT a Reason for Using