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 77 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
:D TYSM

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Unique communities may result from distinct environmental conditions. Unique communities may result from distinct environmental conditions.
The nurse uses a noninvasive bladder ultrasound to measure the client’s bladder volume. The nurse uses a noninvasive bladder ultrasound to measure the client’s bladder volume.
Examples of Emergency Conditions Examples of Emergency Conditions
Diagnostic Imaging Procedures and Conditions Diagnosed or Treated Diagnostic Imaging Procedures and Conditions Diagnosed or Treated
Various types of integumentary conditions. (G) Burn, second degree. Various types of integumentary conditions. (G) Burn, second degree.
How to choose the right payment plan with changing conditions (Question 4) How to choose the right payment plan with changing conditions (Question 4)
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library