The Two Basic Forecasting Techniques Are Qualitative and ___________ Forecasting

question 106

Short Answer

The two basic forecasting techniques are qualitative and ___________ forecasting.

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Definitions:

Oil Drilling Rig

A complex structure equipped for drilling wells into the earth to extract oil and natural gas.

Labor Resource

Human capital or workforce available for the production of goods and services in an economy.

Computer Programmer

A professional who writes, tests, debugs, and maintains the code that allows software programs and applications to function.

Budget Line

A graphical representation showing the combination of goods a consumer can purchase with a fixed income.