Lost-Horse Forecasting Involves

question 137

Multiple Choice

Lost-horse forecasting involves

• A) admitting that the actions you have taken in the past have failed and removing those and similar actions from your list of alternatives.
• B) starting with the last known value of the item being forecast, listing the factors that could affect the forecast, assessing whether they have a positive or negative impact, and making the final forecast.
• C) making decisions without any intervening steps.
• D) following a prescribed set of "directives" established before the research was even begun.
• E) selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.