Which One of the Following Statements About Forecasting Is False

question 109

Multiple Choice

Which one of the following statements about forecasting is False?

• A) Causal methods of forecasting use historical data on independent variables (promotional campaigns, competitors' actions, etc.) to predict demand.
• B) Three general types of forecasting techniques are used for demand forecasting: time-series analysis, causal methods, and judgment methods.
• C) Time series express the relationship between the factor to be forecast and related factors such as promotional campaigns, economic conditions, and competitor actions.
• D) A time series is a list of repeated observations of a phenomenon, such as demand, arranged in the order in which they actually occurred.

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Definitions:

Personal Satisfaction

The feeling of contentment or fulfillment that comes from achieving personal goals, desires, or from overall life circumstances.

Dual-Earner Families

Households in which both partners earn an income, typically to support their family financially.

Competing Demands

Situations or priorities that are in conflict with each other, requiring a choice to be made about which one to prioritize.

Dual-Career Couples

Partnerships where both individuals pursue their own careers simultaneously, often facing challenges related to balancing work and family life.