What Are Forecasts

question 29

Multiple Choice

What are forecasts?

• A)A statement about what will happen or might happen in the future such as future sales or employee turnover.
• B)A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.
• C)Predictions based on time-series information.
• D)A statistical process for estimating the relationships among variables.

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Definitions:

Hazardous Chemical

A substance that poses a potential risk to health, property, or the environment due to its chemical nature.

Parasite

An organism that lives on or in a host organism and gets its food at the expense of its host.

Metastasis

The process by which cancer cells spread from the original site of cancer to other parts of the body, forming new tumors.

Malignant Cells

Abnormal cells that have the potential to grow uncontrollably and spread, leading to cancerous tumors.