Forecasts are always wrong and therefore

A) should include both the expected value of the forecast and a measure of forecast error.
B) should not include both the expected value of the forecast and a measure of forecast error.
C) should only be used when there are no accurate estimates.
D) should be missing the expected value of the forecast and a measure of forecast error.


Answer: A

Business

You might also like to view...

Being perceived as short-term is an example of which of the following?

a. advantage of internal consulting b. advantage of external consulting c. disadvantage of internal consulting d. disadvantage of external consulting

Business

Which of the following statements about mass customization is true?

A. Mass customization requires a firm to give up segmentation thinking to pursue larger, more heterogeneous markets. B. The mass-customization approach applies only to services, and these often must be custom produced anyway. C. Mass customization means that a firm is targeting the mass market but tries to customize the design of a product so that it is different from what a competitor offers. D. ChemStation's industrial detergents, which a business customer can order to fit any special cleaning need, is a good example of mass customization. E. None of these statements is true.

Business

Once you have resigned in a meeting with your supervisor, you do not need to document your resignation in a letter or e-mail

Indicate whether the statement is true or false

Business

The members of the European Parliament are elected by the __________ of the member states

a. legislative branch b. executive branch c. citizens d. Council of Ministers

Business