Why are forecasts for product families typically more accurate than forecasts for the individual items within a product family?

What will be an ideal response?


More accurate forecasts are obtained for a group of items because the individual forecast errors for each item tend to cancel each other.

Business

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Answer the following statements true (T) or false (F)

1.Bernice has always been an excellent student and has recently been accepted to graduate school to work on her master’s degree in communication. She sometimes becomes frustrated because her younger friends do not understand some of things she is discussing. Bernice is making certain that the words she is using are reflective of the education level of the people with whom she is interacting. 2.The particular words and pictures Roberto uses, as well the actual or fabricated stories he shares about who he is, communicate our digital identity, shaping his online presence. 3.When we consider the triangle of meaning, we need to keep in mind that the word is not the thing, and that there is no direct connection between these two points on the triangle. 4.During a class lecture, professor asks the class to visualize a desk. While not every person’s visualization is of the same duck, each student is able to visualize the waterfowl in some form, thanks to the semantic code. 5.Loreena is easily fooled by words and labels and as a result fails to inspect what the labels represent. Loreena has an extensional orientation.

Business

Which of the following would not appear on a conventional balance sheet?

a. Income taxes payable b. Funds from operations c. Cash surrender value of life insurance d. Appropriation for contingencies (restriction of retained earnings) e. Patents

Business

When there is a direct conflict between a federal law and a state law, both laws are rendered invalid.

Answer the following statement true (T) or false (F)

Business

A tanning salon is an example of a people-based service

Indicate whether the statement is true or false

Business