Question Details

Simplified trend models are generally appropriate for predicting the turning points 



1.	The type of economic indicator that can best be used for business forecasting is the:
a.	leading indicator
b.	coincident indicator
c.	lagging indicator
d.	current business inventory indicator
e.	optimism/pessimism indicator


	

	2.	Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example?
a.	time-series forecasting techniques
b.	barometric techniques
c.	survey techniques and opinion polling
d.	econometric techniques
e.	input-output analysis


	

	3.	In the first-order exponential smoothing model, the new forecast is equal to a weighted average of the old forecast and the actual value in the most recent period.
a.	true
b.	false


	

	4.	Simplified trend models are generally appropriate for predicting the turning points in an economic time series.
a.	true
b.	false


	

	5.	Smoothing techniques are a form of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
a.	opinion polling
b.	barometric forecasting
c.	econometric forecasting
d.	time-series forecasting
e.	none of the above




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