Which of the Following Is the Best Statement About the General

question 12

Multiple Choice

Which of the following is the best statement about the general principles of forecasting?

• A) forecasts are more accurate for larger groups of items
• B) forecasts are more accurate for nearer periods of time
• C) every forecast should include an estimate of error
• D) all of the above are general principles of forecasting
• E) none of the above is a general principle of forecasting

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Definitions:

Cohesion

A social science term referring to the bonding together of members of an organization or group, facilitating solidarity and working towards common goals.

Challenges

Difficulties or obstacles that need to be overcome, often requiring effort, skill, or strategy.

Conflict

Conflict refers to a disagreement or clash between individuals or groups due to differences in opinions, values, or interests, which can manifest as debates, arguments, or more severe disputes.

Disadvantage

An unfavorable circumstance or condition that reduces the chances of success or effectiveness.