Forecast value A) is a measure of how well the forecast ...

[go.lag]

Forecast value
 
  A) is a measure of how well the forecast matches actual conditions.
  B) depends on forecast skill.
  C) refers to the usefulness of a forecast.
  D) is the same for all people in the area for which the forecast is made.

Question 2

Define and explain the differences between forecast quality and forecast value.
 
  What will be an ideal response?

[bitingbit]

Answer to Question 1

Answer: C

Answer to Question 2

Answer: Forecast quality refers to the agreement between forecasts and observations, whereas forecast value refers to the usefulness of a forecast.

[go.lag]

YES! Correct, THANKS for helping me on my review

[FergA]

Thanks for the timely response, appreciate it