Lost-Horse Forecasting Involves

question 210

Multiple Choice

Lost-horse forecasting involves

• A)admitting that the actions you have taken in the past have failed and removing those and similar actions from you list of alternatives.
• B)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.
• C)making decisions without any intervening steps.
• D)following a prescribed set of "directives" established before the research was even begun.
• E)selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.

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Definitions:

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