Regardless of the Forecasting Method Utilized, Modifications Are Made Based

question 38

Multiple Choice

Regardless of the forecasting method utilized, modifications are made based on

• A)management control systems.
• B)HRIS data.
• C)managerial judgment.
• D)changing market conditions.
• E)changing economic conditions.

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Definitions:

Random Variable

A variable representing the numerical results possible from a stochastic process.

Microcomputer

A small, relatively inexpensive computer typically used for personal or small business tasks.

Breakdown

A detailed analysis or classification of something into its component parts.

Probability Distribution

A mathematical function that calculates the likelihood of various potential outcomes of an experiment.