Which of the Following Is Not a Step in the Forecasting

question 39

Multiple Choice

Which of the following is not a step in the forecasting process?

• A) Determine the use of the forecast.
• B) Eliminate any assumptions.
• C) Determine the time horizon.
• D) Select forecasting model.
• E) Validate and implement the results.

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Definitions:

Changes

Alterations, modifications, or transformations in conditions, situations, or objects over time.

Henry George

A 19th-century economist known for advocating the single tax on land values.

Pierre Joseph Proudhon

A French philosopher and socialist known for declaring "Property is theft!" and advocating for the abolition of private property.

Rent of Land

The payment made for the use of land. It is often a fixed amount paid periodically by a lessee to a lessor for the rights to use the land.