Which of the Following Is One Suggestion for Improving Forecasting

question 118

Multiple Choice

Which of the following is one suggestion for improving forecasting effectiveness?

• A)Do not utilise a 'no change' scenario.
• B)Base forecasts beyond the next two years.
• C)Utilise the 'half-life' estimation model.
• D)Factor analyse product information.
• E)Use rolling forecasts instead of a static one.

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Definitions:

Scientific Management

A management theory that examines and restructures workflows to enhance economic effectiveness and labor productivity.

Scientific Management

A management theory developed by Frederick W. Taylor that emphasizes efficiency and productivity by scientifically studying work processes and setting performance standards.

Process And Production

The methods and activities involved in transforming raw materials into finished goods, emphasizing efficiency and quality.

Theory X

A management concept that assumes employees are inherently lazy and will avoid work if they can, necessitating a controlling management style.