The Process of Making Forecasts Based on the Relationship Between

question 31

Multiple Choice

The process of making forecasts based on the relationship between some causal factor like sales volume and the number of employees required is called ________.

• A) ratio analysis
• B) trend analysis
• C) graphical analysis
• D) computer analysis

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Definitions:

Patriotism

The feeling of love, devotion, and sense of attachment to one's country, with a willingness to make sacrifices for it.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" effect.

Just-World Phenomenon

The cognitive bias that a person's actions are inherently inclined to bring morally fair and fitting consequences to that individual, to the end of all noble actions are rewarded and evil actions are punished.

Scapegoating

The practice of singling out any party for unmerited negative treatment or blame.