Random variations (or noise) in a statistical forecast are due to: A)Unpredictable events B)Using the wrong...
Random variations (or noise) in a statistical forecast are due to:
A)Unpredictable events
B)Using the wrong statistical method to create the forecast
C)Inaccurate responses of the panel of expert
D)Population growth
Homework Answers
A) Unpredictable events
Noise are random fluctuations that occur due to uncontrolled factors which can be unpredictable events because we have very less control over such events or activities.
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