Which of the Following Assumptions Is Key to Quantitative Forecasting

question 24

Multiple Choice

Which of the following assumptions is key to quantitative forecasting models?

• A) Numbers are meaningless.
• B) You can project the future based on past data.
• C) There is no need for any calculations.
• D) Only salespeople know what future sales may be.
• E) The future is uncertain.

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Definitions:

Collaborations

Joint efforts or partnerships between individuals, organizations, or entities to achieve common goals.

Pool Funds

Financial resources combined from multiple sources or agencies to maximize efficiency, effectiveness, and flexibility in funding programs or projects.

Quality Services

The commitment to providing outstanding service that meets or exceeds customers' expectations.

Personal Ideology

A set of beliefs, values, and opinions held by an individual that influence their outlook and behaviors.