A method of forecasting that best describes the flows from one sector of the economy to another is called:
A)Regression
B)Econometric model
C)Input-output model
D)Simulation model
E)Time-series model

Question

Quizplus · Accepted Answer

The input-output model is used to describe the interdependence and flows between different sectors of an economy. It is a method of forecasting that takes into account the inputs and outputs of each sector and how they affect each other. Regression, econometric, simulation, and time-series models may be used for other types of forecasting, but they do not specifically address the interdependent flows between sectors.

A Method of Forecasting That Best Describes the Flows from One