This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Forecast value A) is a measure of how well the forecast matches actual conditions. B) depends on ... (Read 133 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Jul 14, 2018
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 14, 2018
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

  • Member
  • Posts: 667
Reply 2 on: Jul 14, 2018
YES! Correct, THANKS for helping me on my review

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing
A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ... A patient’s cognitive ability depends on his or her psychologic status, which is influenced by ...
Various types of integumentary conditions. (D) Psoriasis Various types of integumentary conditions. (D) Psoriasis
Various types of integumentary conditions. (E) Melanoma. Various types of integumentary conditions. (E) Melanoma.
A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ... A hydrometer is used to measure the American Petroleum Institute (API) specific gravity of diesel ...
The pH scale is logarithmic. A low pH indicates acidic conditions, whereas a high pH indicates ... The pH scale is logarithmic. A low pH indicates acidic conditions, whereas a high pH indicates ...
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library