15. What primary statistical characteristic enables forecasters to move from unc

Question

15. What primary statistical characteristic enables forecasters to move from uncertainty to quantifiable low risk in the business forecasting process? (Points : 3)

      A.. Large amounts of available business data naturally create statistical accuracy.

      B. Although business data are not normally distributed the statistics from the data are normally distributed.

      C. Statistical forecasting technology has improved the accuracy of models to the point that forecast will not be needed.

      D.  Statistical t and p-values determine the model accuracy

Explanation / Answer

D. Statistical t and p- values determine the model accuracy.

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