Which of the Following Statements About Forecasting Is NOT Correct

question 43

Multiple Choice

Which of the following statements about forecasting is NOT correct?

• A) Forecasts should have at least two numbers: one for the best estimate of demand and the other a measurement of forecasting error.
• B) There is no universal forecasting method for all situations.
• C) Forecasts of sales and demand will always be equal.
• D) Forecasting is both an art and a science.

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Definitions:

Trailing Spouse

A person who relocates to support their partner's career or educational pursuits, often facing challenges in employment and social integration.

Dual-Career Spouse

A situation where both spouses or partners have careers and work outside the home, often leading to challenges in balancing work and family life.

Stay-at-Home Dads

Fathers who choose to stay home to care for their family and manage household duties instead of working outside the home.

Breadwinner

A person who earns money to support their family, typically the sole or primary earner in a household.