Question

__________, in the context of forecasting, is unpredictable movement from one time period to the next.

a. Time series
b. Seasonality
c. Randomness
d. Trend

Answer 1

Randomness

Explanation:

Randomness is so difficult to define because it works against our instincts. because sometimes it tells that there is not find any pattern. It is a fundamental limit to our intuition. many psychologists said that there is a process that we can't predict fully. It is the concept that we accept at a hard time even though this is the part of cosmos work. Without understanding the concept of randomness we perfectly stuck in a predictable universe that doesn't exist outside of our heads.

There is only three law that we should understand the concept of randomness.

• It is such a thing like a randomness.
• Some events are impossible to predicts.
• Random events behavior are predictable in aggregate