The Forecasting Technique Attempts to Correct Forecasts by Some Proportion

question 43

Multiple Choice

The forecasting technique attempts to correct forecasts by some proportion of the past forecast error is known as

• A) Market Research
• B) Regression
• C) Moving Average
• D) Exponential Smoothing
• E) Historical Analogy

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Definitions:

Informal Channels

Communication paths that are not officially sanctioned by the organization, often based on personal relationships rather than organizational structure.

Overdue

Pertaining to a payment, obligation, or duty that has not been fulfilled by its due date.

Due Date

The specified day by which a task needs to be completed or a payment needs to be made.

Instrument

A formal legal document that signifies a monetary value or evidences a transaction involving financial rights or property.