A Company Is Conducting Long-Term Planning of Which Types of Services

question 157

Multiple Choice

A company is conducting long-term planning of which types of services they should offer.Which of the following forecasting techniques are they most likely to use?

• A)Trend models
• B)Executive opinion
• C)Regression models
• D)Simple exponential smoothing
• E)Naïve method

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Definitions:

Paradox Of Voting

A situation in rational-choice theory where individual votes have little impact on the outcome, yet people still participate in elections.

Median-Voter Model

A political theory suggesting that the outcome of majority rule voting systems will represent the preferences of the median voter.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be enjoyed by all members of society without reducing its availability to others.

Majority Vote

A decision rule that selects alternatives which have a majority, that is, more than half the votes.