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Basic Question 0 of 8
Analysts believe that forecasts can be rendered more accurate in two ways: by acquiring more information and opinions from experts and by creating more granular and complex models. This is likely an example of ______ bias.
B. illusion of control
C. conservatism
A. over-confidence
B. illusion of control
C. conservatism
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Edward Liu
Learning Outcome Statements
explain the instability of coefficients of time-series models;
describe characteristics of random walk processes and contrast them to covariance stationary processes;
CFA® 2025 Level II Curriculum, Volume 1, Module 5.