When using extrapolation to forecast
A) a time series of past observations is used.
B) there is a large error term in the results.
C) predictions can only be made about the future.
D) dummy variables can skew the results.
A
Economics
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It is a mistake to calculate the cost per mile of owning a car because doing so implies
A) additional driving will lower the cost of owning a car. B) future fuel and maintenance costs cannot be predicted. C) marginal costs are the only relevant costs. D) opportunities will not arise to sell the car.
Economics
On Friday May 3, 2013, the headlines in the list appeared in The Wall Street Journal. Classify each headline as a signal that the news article is about a microeconomic topic or a macroeconomic topic. Explain your answers
What will be an ideal response?
Economics