Why Is It Usually Best to Supplement the Ratio,scatter Plot,and

question 37

Multiple Choice

Why is it usually best to supplement the ratio,scatter plot,and trend forecasting methods with managerial judgment?

• A)because judgment forecasting is the most accurate method
• B)because historical trends and relationships can change
• C)because top-down approaches need analytical validation
• D)because firms need to keep their fingers on the pulse of their labor markets

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Definitions:

Disorientation

A state of confusion or lack of direction, often experienced in unfamiliar situations or environments.

Perpetual Stress

A state of continuous or unending stress, often leading to adverse psychological and physical health effects.

Thinking Globally

The ability to understand and appreciate cultural differences and apply this awareness in business strategies or social interactions on a global scale.

Acting Locally

An approach focused on addressing issues and making positive changes within one's own community or region.