Which of the Following Statements Is True About Demand Forecasts

question 100

Multiple Choice

Which of the following statements is true about demand forecasts?

• A)Demand forecasts are always accurate in predicting the actual demand that will occur in the future period.
• B)Demand forecasts are rarely accurate in predicting the actual demand that will occur in the future period.
• C)Demand forecasts are estimates of long-term demand for a firm's products.
• D)Demand forecasts do not account for the randomness in the actual demand.

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Definitions:

Denominator

In a fraction, the number below the line which indicates the total number of parts into which the whole is divided.

Fraction

A mathematical expression representing the division of one quantity by another; it consists of a numerator and a denominator.

Multiply

The mathematical operation of increasing one number by the value of another, a basic arithmetic function symbolized by the symbol “x” or “*”.