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:

Interpersonal Conflict Management Styles

The strategies individuals use to handle disputes or disagreements among people in social or work settings.

Interdependence

The mutual reliance between individuals, groups, or organizations where each party depends on the others for resources, information, or support.

Problem-Solving

The process of identifying, assessing, and resolving issues in order to overcome obstacles or reach a desired outcome.

Assertiveness

The quality of being self-assured and confident without being aggressive.