Which of the Following Is True of Statistical Forecasting Methods

Multiple Choice

Which of the following is true of statistical forecasting methods that capture historic trends?

A) They are useful for predicting events in the labor market that have no historical precedent.
B) They are particularly useful in situations where there is no long, stable history.
C) They provide predictions that are much more precise than judgmental methods.
D) They remove the need for subjective judgments of experts.
E) They include variables like intuition and guesswork into economic decision making.