A Sound Principle to Follow in Demand Forecasting Is To

question 48

Multiple Choice

A sound principle to follow in demand forecasting is to:

• A)Try to use more than one forecasting technique in order to check one against the other.
• B)Develop minimum and maximum estimates to get a range of possible market variation.
• C)Only use methods which can be statistically validated.
• D)All of these are correct.
• E)Only two of A-B-C are correct.

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Definitions:

Credit and Debit Card Payments

Electronic payment methods where credit cards borrow funds from the issuing bank to make a purchase, while debit cards deduct money directly from the cardholder's bank account.

Manual Recording

The process of documenting information by hand, as opposed to using electronic means.

Debit Sheet

A record listing all debit transactions, often used in accounting to monitor expenditures.

Double-Entry Bookkeeping System

A method of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation balances.