1)Which of the following does not require sohpisticated quantitive forecasts?

A-accounting revenue forecasts for tax purposes

B-money managers use of interest rate forecasts for asset allocation decisions

C-managers of ower plants using weather forecasts in forecasting power demand

D-state highway planners require peak load forecasts for planning purposes

E-all of the above require quantitive forecasts

2)For which data frequency is seasonality not a problem?

A-daily

B-weekly

C-Monthly

D-quarterly

E-annual

3)what values of Theil's U statistic are indicative of an improvement in forecast accuracy relative to the no change naive model?

U<0

U=0

U<1

U>1