When the value from the prior period of an influential factor 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

Lagged input refers to the value from a prior period being used as an input for forecasting future periods, which is the case in the given scenario. Instantaneous input refers to an input that has an immediate effect on the forecast, while simultaneous input refers to inputs that affect the forecast at the same time period. Therefore, the correct answer is option A.

When the Value from the Prior Period of an Influential