All of the following are true about qualitative forecasting methods except
a. They generally involve the use of expert judgment to develop forecasts.
b. They assume the pattern of the past will continue into the future.
c. They are appropriate when past data on the variable being forecast are not applicable.
d. They are appropriate when past data on the variable being forecast are not available.
b
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The corporation can be created only by statute.
Answer the following statement true (T) or false (F)
Any decision by the management of Fast-Food Franchise Corporation may significantly affect its
a. operators only. b. operators, owners, suppliers, the community, or society as a whole. c. owners only. d. suppliers, the community, or society as a whole only.
How does error impact reliability? Write the general equation for reliability that demonstrates this concept.
What will be an ideal response?
A representation of some aspect of the system being built is a _______
a. requirement b. technique c. model d. user interface