Which of the Following Is Not a Step in the Forecasting

question 108

Multiple Choice

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

• A)Determine the purpose and level of detail required.
• B)Eliminate all assumptions.
• C)Establish a time horizon.
• D)Select a forecasting model.
• E)Monitor the forecast.

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Definitions:

Semantic Level

Pertains to the meaning or the interpretative aspect of communication or understanding, particularly in language and logic.

Dyadic Encoding

Dyadic Encoding is a process in cognitive psychology where two individuals work together to remember information, enhancing memory retention.

Attentional Encoding

The process by which pertinent information is selected and processed for storage in memory, while irrelevant information is ignored.

Elaboration

The development of an idea by providing more detailed information.