Which One of the Following Statements About Forecasting Is TRUE

question 56

Multiple Choice

Which one of the following statements about forecasting is TRUE?

• A) Judgment methods are designed particularly for situations when historical data are lacking.
• B) Casual methods are used when historical data are available and the relationship between the factor to be forecast and other external and internal factors cannot be identified.
• C) Focused forecasting is a technique that focuses on one particular component of demand and develops a forecast from it.
• D) The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters.

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Definitions:

Somatic Symptom Disorder

Syndrome marked by health concerns that are excessive given actual physical health, that persist despite contrary evidence, and that interfere with daily functioning.

Cognitive Therapies

Psychological treatments aimed at addressing and reshaping negative thought patterns that contribute to emotional distress and mental health issues.

Maladaptive Interpretations

Patterns of thinking or interpreting information and experiences in a way that is counterproductive or harmful to one's mental health.

Conversion Disorder

A mental health condition where a person has physical symptoms (such as paralysis, blindness) without a physiological cause, believed to stem from psychological conflict.