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    Basic Business Statistics Study Set 1
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    Exam 14: Time-Series Forecasting and Index Numbers
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    In Selecting an Appropriate Forecasting Model,which of the Following Approaches
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In Selecting an Appropriate Forecasting Model,which of the Following Approaches

Question 22

Question 22

Multiple Choice

In selecting an appropriate forecasting model,which of the following approaches is suggested?


A) Measure the size of the forecasting error
B) Use the principle of parsimony
C) Perform a residual analysis
D) All of the above

Correct Answer:

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