The Two Most Important Factors in Choosing a Forecasting Technique

question 94

Multiple Choice

The two most important factors in choosing a forecasting technique are:

• A)cost and time horizon.
• B)accuracy and time horizon.
• C)cost and accuracy.
• D)quantity and quality.
• E)objective and subjective components.

---

Definitions:

Monopolizing

involves the domination of a market by a single producer or company, reducing competition and potentially controlling prices and supply in that market.

Abusive Means

Practices or methods that are harmful, manipulative, or intended to exploit or oppress individuals or groups.

Herfindahl Index

A measure of market concentration that calculates the sum of the squares of the market shares of the firms within an industry, used to assess the competition level.

Market Shares

The percentage of an industry's sales that a particular company controls.