When Management Has Sufficient Hard Data, It Prefers What Type

question 97

Multiple Choice

When management has sufficient hard data, it prefers what type of forecasting technique?

• A)predictive
• B)quantitative
• C)long-term
• D)qualitative
• E)fact-based

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Definitions:

Nominal GDP

The total worth of all end products and services generated inside a nation over a specific timeframe, valued at present market prices.

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation).

GDP Deflator

An economic metric that converts the money-value measure of GDP from current prices to constant prices, enabling comparison of economic productivity and real growth over specific periods.

GDP Deflator

An economic metric that converts the money-value measure of GDP to an index for quantity comparison.