When the value from the prior period of an influential factor affects the forecast in the future period,this is an example of a:
A) lagged input.
B) instantaneous input.
C) simultaneous input.
D) B and C

Question

Quizplus · Accepted Answer

A is the correct answer because a lagged input is a factor that has a time delay in its effect on the forecast. It means that the value from the prior period of the factor affects the forecast in the future period. This concept is commonly used in time series analysis and forecasting models. Instantaneous input and simultaneous input do not involve time delays between the input and the forecast.

When the Value from the Prior Period of an Influential