Managerial Judgment Is Central to Qualitative Forecasting, but Plays Only

question 65

True/False

Managerial judgment is central to qualitative forecasting, but plays only a small role in quantitative forecasting techniques.

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Definitions:

March 31

The end of the financial year for many businesses and organizations, notable for accounting and tax purposes.

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a certain period, measuring efficiency in managing stock.

Average Daily Cost

The average amount of expenses incurred in a day, calculated over a specified period.

Days' Sales

A financial ratio that measures the average time it takes for a company to convert its inventory into sales.