What Are Forecasts

question 261

Multiple Choice

What are forecasts?

• A)A statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover.
• B)A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.
• C)Predictions based on time-series information.
• D)A statistical process for estimating the relationships among variables.

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Definitions:

Relative Advantage

The degree to which an innovation is perceived as better than the idea, program, or product it replaces.

Adopter

An individual or entity that starts using a new product, innovation, or technology.

Flexibility

The ability to adapt to new, different, or changing requirements and conditions.

RE-AIM

A framework for evaluating health interventions, considering Reach, Efficacy/Effectiveness, Adoption, Implementation, and Maintenance.