Author Question: Forecasts based on an economic theory as opposed to historical data are called A) causal ... (Read 57 times)

ts19998 · **on:** Jul 1, 2018

Forecasts based on an economic theory as opposed to historical data are called

A) causal econometric forecasts.
B) non-time-series forecasts.
C) dummy forecasts.
D) explanatory variable forecasts.

Question 2

The relationship between MC and AC can best be described as

A) when AC increases, MC starts to increase.
B) when MC increases, AC starts to increase.
C) when MC decreases, AC decreases.
D) when MC exceeds AC, AC increases.