Explain the Forecasting Process, Including the Factors to Be Considered

question 56

Essay

Explain the forecasting process, including the factors to be considered when making forecasting decisions.

---

Definitions:

Team Diversity

Variances or differences in ability, experience, personality, or any other factor on a team.

Self-managed

Refers to individuals or teams that operate and make decisions independently, without the need for direct supervision.

Self-managed

Describes tasks, groups, or organizations that operate autonomously, with individuals or teams making decisions without external control.

Empowering

Giving individuals or groups the authority, means, and confidence to take decisions and actions that affect their work or life positively.