When the value of an influential factor from the prior period affects the forecast in the future period, this is an example of a(n):
A) lagged input
B) instantaneous input
C) simultaneous input
D) instantaneous input AND simultaneous input

Question

Quizplus · Accepted Answer

A lagged input is a factor from a prior period that affects the forecast in a future period. This is because the influence of the factor is not immediate, but takes time to manifest. Therefore, it cannot be an instantaneous input. Simultaneous input refers to factors that occur at the same time as the forecast period, which is not applicable in this case. Therefore, option A is the correct answer.

When the Value of an Influential Factor from the Prior