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Determining the Purpose of the Forecast Is an Important First

question 133

Multiple Choice

Determining the purpose of the forecast is an important first step in the forecasting process because it dictates:
I.the level of detail required in the forecast
II.the amount of resources that can be justified
III.the level of accuracy required


Definitions:

Imagined Events

Events that occur only in the mind or thought, not in physical reality.

Hypnotic Suggestion

A therapy technique in which individuals are guided into hypnosis and given suggestions intended to alter their perceptions, emotions, or behaviors.

Déjà Vu

The eerie sensation of having already experienced a present situation, despite it ostensibly being new.

Familiarity

A sense of recognition or understanding of something or someone due to previous exposure or experience.

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