What primary statistical characteristic enables forecasters to move from uncerta

Question

What primary statistical characteristic enables forecasters to move from uncertainty to quantifiable most likely outcomes in the business forecasting process?  

1) Large amount of available business data naturally create statistical accuracy.

2) Statistical forecasting technology has imroved the accuracy of models to the point that forecasters will not be needed.

3) Statistical t and p values alone determine the model accuracy.

4) Although business data are not normally distributed the statistics from these data are normally distributed and have associated probabilities.

Explanation / Answer

Solution: Although business data are not normally distributed the statistics from these data are normally distributed and have associated probabilities

Explanation: Since business data can never be normal thus statistics from such data are normally distributed and cause probabilities; therefore allowing business forecasters to move from uncertainty to quantifiable

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