0
Forecasts may be classified as short term (with spans or distances to the target period of up to one or two years), intermediate (two to five years), and long term (relating to more persistent developments and distant occurrences).
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Do Time series methods base forecasts only on past values of the variables?
They make forecasts based on both present and past values of the variables. Stated in non-technical terms, they assume that somehow history repeats itself, i.e. that some patterns in the time series behavior of data are recurrent. As a consequence, the past is useful to predict the future.
Stock market or economic trends over long periods of time are frequently shown on a?
Chue
Because of changes over time the most accurate weather forecasts are?
Because of changes over time the most accurate weather forecasts are short term
What are the advantages and disadvantages of time series analysis?
The advantage of time series analysis is that it is a very effective method of forecasting because it makes use of the seasoned patterns. The disadvantage is that it is costly because the forecasts are based on the historical data patterns that are used to predict the future market behavior.
During which of these time periods did writers examine and expose the social economic and political problems of society using the dialect or language of the people?
Realism
Why do think that it becomes more difficult to predict weather accurately in the future?
The farther into the future you go, the less predictable the weather is. The atmosphere is chaotic, so if your initial conditions aren't perfect (they never will be), then your forecasts will accumulate more and more error as time moves forward.
Are epochs part of periods?
Periods are subdivided into periods of time know as epochs.
What is global recession?
Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.
What are the time periods called and how many are there?
The time periods are called quarters and there are four of them.
An economic is a time of fast economic growth?
An economic growth_______ is a time of fast economic growth
Can they make long range earthquake forecasts?
If you mean distance-yes, if you mean time, not yet.
What does it mean to state what might happen ahead of time?
predict or infer but sciencely speaking predict
