Which of the Following Statements Generally Describe Forecasts

question 72

Multiple Choice

Which of the following statements generally describe forecasts?

• A)Sophisticated forecasting packages produce exact forecasts.
• B)Forecasts get worse the farther into the future they go.
• C)Individual products are easier to forecast than aggregated products.
• D)Forecasts should be used for products with dependent demand.
• E)Business forecasts are generally correct.

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Definitions:

Marketing Claims

Statements made by companies about their products or services intended to attract consumers.

Deceptive Advertising

Marketing practices involving false claims or misleading statements to trick consumers into buying a product or service.

False Statement

Incorrect or untruthful information provided, particularly in a context where honesty is expected or required.

Competitor's Products

Competitor's Products are goods or services offered by businesses operating in the same market space aiming to fulfill similar customer needs or demands as one's own products.