Which of the Following Statements Is True About Accelerating the Forecasting

question 96

Multiple Choice

Which of the following statements is true about accelerating the forecasting process?

• A)Forecasts will be more accurate when the randomness of the actual demand is not considered.
• B)Forecasts will be more accurate when the forecasters can access current changes in demand quicker.
• C)Forecasts can be accelerated when processes used to collect demand data are manual.
• D)Forecasts will be more accurate when the forecasters take more time to access current changes in demand.

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Definitions:

Scatter

In data visualization, a plot that displays the relationship between two or more variables by using dots to represent values.

Central Location

A term used to describe an area that is strategically situated within a city or region, often easily accessible from various points.

Histogram

A graphical display of data using bars of different heights to show the frequency distribution of a dataset.

Median

The middle value in a set of data when it is arranged in ascending or descending order, or the average of the two middle numbers if the set has an even number of observations.