FPA405 CHAPTER 5

What is the primary purpose of agricultural forecasting?

• To enhance crop genetic diversity

• To provide reliable information for economic planning

• To increase crop biodiversity

• To focus on livestock management

Which type of forecasting focuses on future weather conditions affecting agriculture?

• Economic forecasting

• Production forecasting

• Climate and weather forecasting

• Input management

A good forecast should be all of the following EXCEPT:

• Timely

• Accurate

• Complicated

• Efficient

What is a key characteristic of qualitative forecasting methods?

• Uses statistical data

• Relies on expert judgment

• Requires historical data

• Uses mathematical models

Why is it important to publish forecasts early?

• To allow time for genetic modification

• To aid in planting and investment decisions

• To promote crop diversity

• To reduce pesticide usage

Which factor is NOT typically included in agricultural weather forecasts?

• Cloud cover

• Soil pH levels

• Rainfall

• Wind speed

Short-term forecasting in agriculture typically covers what time period?

• 1 day to 3 months

• 6 months to 1 year

• 1 to 2 years

• More than 2 years

Long-term forecasting is most commonly used for:

• Daily crop management

• Specific product demand

• Climate and population trends

• Weekly price adjustments

Which model is often used in the absence of historical data?

• Causal model

• Judgment model

• Regression model

• Time series analysis

Which of the following best defines forecasting accuracy?

• Closeness of forecast to actual value

• Ease of forecast interpretation

• Frequency of forecast publication

• Efficiency in data processing