Which of the Following Is Not a Step to Help

question 82

Multiple Choice

Which of the following is not a step to help an organization perform effective forecasting?

• A) Understand the objective of forecasting.
• B) Integrate demand planning and forecasting throughout the supply chain.
• C) Understand and identify customer segments.
• D) Identify and understand supplier requirements.
• E) Determine the appropriate forecasting technique.

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Definitions:

Variance

A statistical measure that indicates the degree of spread or dispersion of a set of values around the mean, showing how much the data points differ from the average.

Variance

A statistical measure that represents the dispersion or spread of a set of data points within a dataset.

Standard Deviation

A measure that is used to quantify the amount of variation or dispersion of a set of data values from the mean.

Distribution

The way in which something is shared out among a group or spread over an area, or the arrangement of values of a variable showing their observed or theoretical frequency of occurrence.