Answer: The answer is hindsight bias
Explanation:
Hindsight bias : This can be defined as a situation whereby a person forecast the consequence of an event that could happened in the future which eventually happened exactly the way the person had forecasted the event . When an event had occurred, people tend to have the habit of saying that,they knew the consequences of the event happening before it eventually happened. This concept is applicable in the areas of sport for example when someone forecast that his football team is going to beat their opponent by two goals to one and it eventually happened the way the person had predicted it. It can also be applicable in the areas of politics, for example when someone had forecasted that the candidate for their party in the forthcoming election will win the election by a wide margin to beat the other contestant in the election, and it happened exactly the person had predicted it. Therefore, in the event described in the question, the research is known as hindsight bias.
Answer: TRUE
Explanation: Qualitative forecasting method are mostly based on survey polls, opinions of expert, etc.
While Quantitative deals with measurable numerical qualities, the qualitative deals with observation and opinions.
Qualitative forecasting method is a forecasting method that favours the intuitions and opinions of experts over numeric historic data. While the numeric data analysis will show that increase in production will lead to increase in sales for the coming year in a tobacco company , the experienced sales managers will let the company know that due to the recent law enforced by the government, there will be low sales in the following year. This will allow the company to either reduce their production rate or stay on the same production rate but not increase production.
<span>Serafina is most likely at the formal operational stage. During this stage children begin to think abstractly and independently developing their own ideas and opinions. Their reasoning skills and logical thinking become a major part of their thought process during this stage. Once this stage is reached by older children it will stay with them throughout life.</span>
She just wants to be the best on everything, and feels bad if she gets something wrong, and probably gets embarrassed. She thinks that she has to be perfect, and always wants to have something in return.
The Mayflower Compact was a set of rules for self-governance established by the English settlers who traveled to the New World on the Mayflower. When Pilgrims and other settlers set out on the ship for America in 1620, they intended to lay anchor in northern Virginia. But after treacherous shoals and storms drove their ship off course, the settlers landed in Massachusetts instead, near Cape Cod, outside of Virginia’s jurisdiction. Knowing life without laws could prove catastrophic, colonist leaders created the Mayflower Compact to ensure a functioning social structure would prevail.
