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7 January, 08:55

Statistical models are used for forecasting labor demands because they are good at capturing "once-in-a-lifetime" changes. True False

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  1. 7 January, 10:33
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    The correct answer is False.

    Explanation:

    The correct use of statistical models is related to the forecast of more accurate information using variables based on a previous behavior or pattern. The most common forecasts are sales, where performance in previous periods is taken into account to project future behavior.
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