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:

Social Norms

Shared guidelines or rules of behavior that are considered acceptable in a group or society.

Persuasion

The act or process of influencing someone's beliefs, attitudes, intentions, motivations, or behaviors through argument, reasoning, or appeal.

One-Sided Argument

A form of communication or persuasion where only one perspective or side of an argument is presented, often ignoring opposing viewpoints.

Counterarguments

Counterarguments are reasons or statements presented in opposition to a certain stance or proposition, often used in debates or discussions to challenge the validity of the original argument.