The Judgment Methods of Forecasting Are to Be Used for Purposes

question 144

Multiple Choice

The judgment methods of forecasting are to be used for purposes of

• A) making adjustments to quantitative forecasts due to unusual circumstances.
• B) making forecasts more variable.
• C) avoiding the calculations necessary for quantitative forecasts.
• D) forecasting seasonal demands in lieu of time series approaches.

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Definitions:

Secrecy

The act of keeping information hidden from others, often to protect privacy or maintain confidentiality.

Personal Factors

Individual characteristics, including personality, attitudes, and skills, that influence a person's behavior and performance.

Organizations

Entities composed of individuals and structures designed to collectively meet objectives or undertake specific activities, such as businesses, governments, or charities.

Overdraft Protection

A financial service that prevents checks, ATM withdrawals, and other debit transactions from causing an account balance to fall below zero, often involving a fee.