________ Forecasts Employ One or More Mathematical Models That Rely

question 9

Short Answer

________ forecasts employ one or more mathematical models that rely on historical data and/or associative variables to forecast demand.

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Definitions:

ROM

Stands for Read-Only Memory, a type of non-volatile memory used in computers and electronic devices to store firmware or application software in a way that is not easily modified.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing data temporarily during operations.

Operating System

The software that manages a computer's hardware resources and provides common services for computer programs.

BIOS

Basic Input/Output System, firmware used to initialize hardware during the booting process and provide runtime services for operating systems.