The Most Widely Used Forecasting Technique Used After Trend Extrapolation

question 5

Multiple Choice

The most widely used forecasting technique used after trend extrapolation is

• A) statistical modeling.
• B) simulations.
• C) scenario-writing.
• D) relevance trees.
• E) signal monitoring.

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Definitions:

Custom-Write

The process of writing content or software based on the specific requirements of a client or a project.

Prewritten Application

Software or programs that have been developed and are available for use without requiring customization.

Outsource

The practice of hiring third parties to perform tasks, handle operations or provide services that are either difficult to manage or outside the company's expertise.

Shadow IT

Technology implemented by end-users without receiving proper approvals from the organizational IT department.