Which of the Following Would Tend to Decrease Forecast Accuracy

question 12

Multiple Choice

Which of the following would tend to decrease forecast accuracy?

• A) a reduction in demand variability
• B) a shortening of the forecast time horizon
• C) an attempt to forecast demand for a group of similar items rather than an individual item
• D) a change in the underlying causal system

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Definitions:

Fishery Collapse

A situation where fish populations decline to unsustainable levels, leading to a significant reduction or cessation of fishing activities in the affected area.

Property Rights

Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.

Explicit Property Right

A legal assurance that allows individuals or entities the exclusive control over the use, benefits, and disposal of a particular property.

Combined Profit

The total profit earned by a group of companies or the sum of profits from different business activities within a single company.