________ Methods of Forecasting Translate the Opinions of Management, Experts

question 121

Short Answer

________ methods of forecasting translate the opinions of management, experts, consumers, or salesforce into quantitative estimates.

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Definitions:

Milgram's Experiment

A psychological study conducted by Stanley Milgram in the 1960s to measure individuals' willingness to obey authority figures, even when asked to perform acts conflicting with personal conscience.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or societal standards.

Obedience

The act of following orders or instructions, especially from an authority figure, without question.

Social Loafing

The phenomenon in which each individual contributes a little less as more individuals are added to a task; a source of inefficiency when working in teams.