For a given product demand, the time-series trend equation is 53 - 4x. The negative sign on the slope of the equation:
A) is a mathematical impossibility.
B) is an indication that the forecast is biased, with forecast values lower than actual values.
C) is an indication that product demand is declining.
D) implies that the coefficient of determination will also be negative.
E) implies that the cumulative error will be negative.
C
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a. increases revenue; b. decreases capital; c. increases drawing; d. increases cash; e. decreases drawing.
Service recovery is an umbrella term for systematic efforts by a firm to correct a problem following a service failure and retain a customer's goodwill
Indicate whether the statement is true or false
__________is the effort to capture media attention—for example, through articles or editorials in publications or through human-interest stories on radio or television programs
Fill in the blanks with correct word.
Why would a firm survey its sales force to forecast company sales? Why would a firm choose an expert forecasting survey instead?
What will be an ideal response?