Recent Trends in Forecasting Include

question 103

Multiple Choice

Recent trends in forecasting include

• A) data mining
• B) crowd forecasting
• C) artificial Intelligence
• D) all of the above

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Definitions:

Management by Exception

A management style in which the manager intervenes only when performance deviates significantly from standards, allowing for more autonomous operation of processes.

Managerial Attention

The focus and prioritization that managers give to certain issues, tasks, or information, which can significantly impact decision-making and leadership.

Actual

Pertaining to or representing the current state of affairs or reality, as opposed to potential or theoretical scenarios.

Desired Performance

The specific level of output or achievement that an organization or individual aims to reach, often set as a target or goal.