Question

In forecasting, what is an index? Group of answer choices It is a time series that does not have trend, seasonal, or cyclical effects but is relatively constant and only exhibits random behavior. It is a single measure that weights multiple indicators and provides a measure of overall expectation. It is a measure that provides a complete forecast. It is a stream of historical data, such as weekly s

Answer 1

Answer:

It is a single measure that weights multiple indicators and provides a measure of overall expectation.

Explanation:

Index when Applied to forecasting is the use of judgmental indexes generally referred to as an “index method” or an “experience table.” Index techniques have been utilized for several types of forecasting problems, including (but not limited to) prediction the success rate of prisoners seeking parole.

It could also be said to be a single measure that weights several indicators and provides a measure of overall expectation.