Which of the Following Would Tend to Decrease Forecast Accuracy

question 83

Multiple Choice

Which of the following would tend to decrease forecast accuracy?

• A)a reduction in demand variability
• B)a shortening of the forecast time horizon
• C)an attempt to forecast demand for a group of similar items rather than an individual item
• D)a change in the underlying causal system
• E)an increase in the flexibility of the production system

Understand the concept and importance of a Customer Value Proposition (CVP) in business models.

Recognize the role of innovation and adaptation in maintaining relevance and competitiveness in the market.

Identify different market segments and their significance in a business strategy.

Comprehend the components and structure of the Business Model Canvas.

---

Definitions:

Mainframe Computers

Large and powerful computing systems used for bulk data processing, such as census, industry and consumer statistics, and financial transaction processing.

Modern RAM

The latest versions of Random Access Memory, designed to be faster and more efficient, supporting current computing requirements.

Mechanical Calculator

A device used to perform mathematical operations, manually operated before the advent of electronic calculators.