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    Exam 3: Empirical Methods for Demand Analysis
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    When Using Extrapolation to Forecast
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When Using Extrapolation to Forecast

Question 22

Question 22

Multiple Choice

When using extrapolation to forecast,


A) a time series of past observations is used.
B) there is a large error term in the results.
C) predictions can only be made about the future.
D) dummy variables can skew the results.

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