____________ Can Be Used to Measure Forecast Quality and Guide

question 34

Multiple Choice

____________ can be used to measure forecast quality and guide in the proper adjustment of forecasts.

• A) Regression analysis
• B) Exponential smoothing
• C) ARIMA
• D) Moving average models
• E) GAUSS

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Definitions:

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby conclusions about other people and situations may be drawn in an illogical fashion.

Performance of Divisions

Evaluation of each segment or department within a company based on their financial results, productivity, and efficiency.

Cognitive Bias

An organized tendency to deviate from normal or logical thinking in making judgments, leading to conclusions about people and situations that are drawn illogically.

Balanced Scorecard Framework

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance.