American Planning Association AICP Exam - Topic 5 Question 112 Discussion
The key distinction between estimates and forecasts is that estimates:
B) Are made for present or past dates and forecasts are made for future dates.
A) Are generally done on small areas and forecasts are done on large areas.
C) Involve the use of data for other areal units of analysis and forecasts use data for the areal unit of concern only.
D) Imply a range of possible outcomes and forecasts imply an exact figure.
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