Identify the Primary Limitation of All Forecasting Techniques

question 25

Multiple Choice

Identify the primary limitation of all forecasting techniques.

• A)They are qualitative in nature.
• B)They tend to give biased estimates.
• C)They rely on managerial intuition and judgment.
• D)They rely on historical patterns and activity levels.

Understand historical context and the importance of career planning in educational settings.

Understand the ethical guidelines and legal considerations in career counseling.

Grasp the importance of cultural sensitivity and competency in the use of assessment tools.

Comprehend the principles governing confidentiality and privacy in career counseling.

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Definitions:

Monetary Quotients

A term relating to the financial ratios or divisions involving amounts of money, yet its specific usage and definition aren't universally established; might be considered not a standard financial term.

Round Off

The process of adjusting a numerical value to its nearest predetermined value, often simplifying the number for ease of use.

Round Off

The process of adjusting a numerical value to its nearest specified place value, reducing the digits to the right.

Decimal Places

The count of figures positioned after the decimal point within a number.