Which of the Following Statements About Forecasting Is NOT True

question 58

Multiple Choice

Which of the following statements about forecasting is NOT true?

• A) Highly sophisticated quantitative approaches to forecasting still require interpretation.
• B) Forecasts are always subject to error and should be treated with caution.
• C) Forecasting always relies on human judgement.
• D) Forecasting is an effective and efficient substitute for planning.
• E) Forecasting is a planning tool.

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Definitions:

Value-Free

The principle that the conduct and analysis of scientific research should be objective and unaffected by the personal values or biases of the researcher.

Laws Of Human Social Behavior

Principles that attempt to describe and predict how people interact within societies and how these interactions are regulated.

Enlightenment's Conceptualization

The process of understanding during the Enlightenment period, emphasizing reason, science, and human rights as the primary sources of legitimacy and authority.

Divine Laws

Rules or norms believed to emanate from a supernatural source, governing moral and ethical behaviors.