Which Would Not Generally Be Considered a Feature Common to All

question 144

Multiple Choice

Which would not generally be considered a feature common to all forecasts?

• A)An assumption of a stable underlying causal system.
• B)Actual results will differ somewhat from predicted values.
• C)Historical data is available on which to base the forecast.
• D)Forecasts for groups of items tend to be more accurate than forecasts for individual items.
• E)Accuracy decreases as the time horizon increases.

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Definitions:

Few Suppliers

A sourcing strategy where a company relies on a limited number of suppliers for its materials or components.

Technological Change

Technological change involves the invention, innovation, and diffusion of new technologies or processes, significantly impacting productivity and societal practices.

Vertical Integration

A strategy where a company expands its operations to include different stages of production and distribution within its industry.

Vertical Integration

An approach in which a business grows by extending into various stages along its production chain, including instances where a producer controls its own supply and distribution networks.