Advantages of Quantitative Forecasting Methods Include

question 44

Multiple Choice

Advantages of quantitative forecasting methods include:

• A) Objectivity
• B) Responsiveness
• C) Includes 'inside' information
• D) Expensive
• E) b and c

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Definitions:

Human Relations

refers to the interactions and relationships between individuals in a personal or professional setting.

Internal Customers

Employees or departments within an organization that depend on the support of one another to complete their tasks.

Scientific Management

A system based upon scientific and engineering principles.

Max Weber

A German sociologist, philosopher, jurist, and political economist whose ideas profoundly influenced social theory and social research.