Which of the Following Is Not a Step in the Forecasting

question 108

Multiple Choice

Which of the following is not a step in the forecasting process?

• A)Determine the purpose and level of detail required.
• B)Eliminate all assumptions.
• C)Establish a time horizon.
• D)Select a forecasting model.
• E)Monitor the forecast.

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Definitions:

Data Warehouse

A large-scale collection of data that contains and organizes in one place all the data from an organization’s multiple databases.

Large-Scale Collection

The process of gathering extensive amounts of data or items, typically for research, analysis, or organization purposes.

Organization's Data

Organization's data refers to the collection of information related to the operation, management, and performance of an organization, crucial for decision making and strategic planning.

One Place

A colloquial expression referring to a single, specific location or point of interest, often emphasizing convenience or centrality.