The Two Most Important Factors in Choosing a Forecasting Technique

question 149

Multiple Choice

The two most important factors in choosing a forecasting technique are:

• A)cost and time horizon.
• B)accuracy and time horizon.
• C)cost and accuracy.
• D)accuracy and buy-in.
• E)cost and ease of use.

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Definitions:

Substance

The fundamental physical matter or material that makes up an object or individual.

Digestive System

A group of organs and glands responsible for the breakdown of food into nutrients, which the body uses for energy, growth, and repair.

Endoderm

One of the three primary germ layers in the early embryo that develops into the interior linings of the digestive system and the respiratory system.

Cells

The basic structural, functional, and biological units of all known living organisms, acting as the building blocks of life.