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.

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Definitions:

Considerable Retaliation

A significant response or backlash often observed in conflicts or competitive situations.

Unfairly Underpaid

The condition of receiving less compensation than is warranted for one's work, skill level, or contribution, often compared to others.

Ethical Standards

Guidelines or principles that govern the best conduct and moral judgments in an organization or profession.

Offending Organization

An organization that engages in actions or behaviors that are unethical, illegal, or harmful to stakeholders.