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

Question

Quizplus · Accepted Answer

A lagged input is when a factor from a previous period affects the forecast in a future period. This is because the value of the influential factor is lagged or delayed in its impact on the forecast.

When the Value of an Influential Factor from the Prior