Managers May Try Several Methods of Forecasting That Deliver Different

question 51

Multiple Choice

Managers may try several methods of forecasting that deliver different predictions.This leads to __________________.

• A)Uncertainty of which methods to use and how accurate they are likely to be
• B)The choice to use as many models as possible
• C)The view that subjective methods are just as good
• D)Uncertainty of which methods to use and how accurate they are likely to be, the choice to use as many models as possible, and the view that subjective methods are just as good
• E)Both uncertainty of which methods to use and how accurate they are likely to be and the view that subjective methods are just as good

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Definitions:

Regression

Regression is a defense mechanism identified in psychoanalytic theory, where an individual retreats to earlier stages of development or simpler forms of behavior in the face of stress or as a means of coping.

Denial

A psychological defense mechanism wherein a person refuses to accept reality or facts, thus protecting themselves from uncomfortable feelings.

Repression

A defense mechanism where unwanted feelings and thoughts are unconsciously pushed out of conscious awareness.

Rationalization

A defense mechanism where individuals justify their actions or decisions with plausible but not the real reasons to avoid facing the true underlying motives.