Question

g When choosing a forecasting technique, a critical trade-off that must be considered is that between: time series and associative. seasonality and cyclicality. cost and accuracy. length and duration. simplicity and complexity.

Answer 1

A critical trade-off which must be considered when choosing a forecasting technique is that between: C. cost and accuracy.

What is a forecasting technique?

A forecasting technique can be defined as a process through which predictions can be made about the economy, especially based on macroeconomic and microeconomic conditions such as:

• GDP

• Inflation

• Unemployment

In Economics, cost and accuracy is a critical trade-off which must be considered when choosing a forecasting technique.

Read more on forecasting technique here: brainly.com/question/23009258

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