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Commerce · Q607

Business Statistics and Research Methods

Graduate and Post Graduate · Commerce · question 607

Q607

In case of business forecasting which of the following statements in not correct?

A.
Short range forecasts are less accurate than long range forecasts
Answer
B.
Under time series forecast data obtained from past experience is analysed
C.
Index numbers in one of the methods of forecasting
D.
Least squares method of business forecasting is also known as perfect/best line

Answer: Option A

Solution

Answer: Option A
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