The accuracy of an econometric forecast would be most questionable when the:
A) stochastic error term is small and randomly distributed.
B) stochastic error term is large and randomly distributed.
C) stochastic error term is large and not randomly distributed.
D) expected value of the stochastic error term equals zero.
Correct Answer:
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Q1: Linear trend analysis assumes:
A) constant unit change
Q2: Time-series methods:
A) use historical data as the
Q4: A rhythmic annual pattern in sales or
Q5: A 5% growth trend with annual compounding:
A)
Q6: Which of the following forecasting methods is
Q7: If an economic time series is growing
Q8: The Delphi method:
A) employs interaction among experts
Q9: Econometric forecasting methods:
A) require explicit assumptions about
Q10: A secular trend is the:
A) annual pattern
Q11: A panel consensus formed by providing feedback
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