Lost-horse forecasting involves
A. starting with the last known value of the item being forecast, listing the factors that could affect the forecast, assessing whether they have a positive or negative impact, and making the final forecast.
B. following a prescribed set of "directives" established before the research was even begun.
C. admitting that the actions you have taken in the past have failed and removing those and similar actions from you list of alternatives.
D. selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.
E. making decisions without any intervening steps.
Answer: A
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