Which of the Following Would Tend to Decrease Forecast Accuracy

question 83

Multiple Choice

Which of the following would tend to decrease forecast accuracy?

• A)a reduction in demand variability
• B)a shortening of the forecast time horizon
• C)an attempt to forecast demand for a group of similar items rather than an individual item
• D)a change in the underlying causal system
• E)an increase in the flexibility of the production system

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Definitions:

Herbert Blumer

An American sociologist known for developing Symbolic Interactionism, a theory that examines how individuals create meanings through social interaction.

Gestures

Non-verbal communication actions performed with parts of the body, often the hands, to convey messages or emotions.

Sheldon Stryker

An influential sociologist known for his work on identity theory, emphasizing the role of social structures in shaping individual identity through internalized societal roles.

Symbolic Interaction

A theoretical approach in sociology that focuses on how individuals use symbols and meanings to interact and construct social realities.