Which of the following is NOT a reason given for why forecasters are so often incorrect?
A) There is a temptation for economic forecasters to stay fairly close to the "norm," that is, "group think."
B) Many analysts are simply too short-sighted.
C) Economists and economic forecaster often suffer from information overload.
D) Some economic forecasters are too broad-minded, as they try to include a number of ideas in their forecasts.
E) None of these are correct (that is, all are reasons cited for why forecasters are often incorrect).

Question

Quizplus · Accepted Answer

This is because all other options are reasons cited for why forecasters are often incorrect. Option D, on the other hand, suggests that broad-mindedness is a problem when making forecasts, which is not typically cited as a reason for forecasting errors.

Which of the Following Is NOT a Reason Given for Why