A forecast method is generally deemed to perform adequately when the errors exhibit an identifiable pattern.

Name: A forecast method is generally deemed to perform adequately when the errors exhibit an identifiable pattern.
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Question

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A forecast method is generally deemed to perform adequately when the errors are random, not when they exhibit an identifiable pattern. Identifiable patterns in errors suggest that the forecast model is missing some information that could improve its accuracy.

A Forecast Method Is Generally Deemed to Perform Adequately When