For Which of the Following Would a Forecast Not Be

question 12

Multiple Choice

For which of the following would a forecast not be the best method for determining the needed information?

• A)Planning the number of production or service facilities needed
• B)Determining staffing allocations
• C)Determining the number of screws needed to mass produce chairs
• D)Planning capacity requirements
• E)Determining how many hours of production are needed to meet demand

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Definitions:

Heuristic

A shortcut or rule of thumb that helps in problem-solving and decision-making but does not guarantee a perfect answer.

Fixation

An obsessive focus or attachment to a person, object, or concept, potentially interfering with the ability to progress through developmental stages.

Algorithms

Step-by-step procedures or formulas for solving a problem or accomplishing a task.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making by reducing the complexity of assessing probabilities and predicting outcomes.