According to the Text,the Ultimate Goal of Any Forecasting Endeavor

question 18

True/False

According to the text,the ultimate goal of any forecasting endeavor is to have an accurate and unbiased forecast.

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Definitions:

Rule Based

An approach or system governed by explicit, predefined rules or regulations that dictate the operation or decision-making process.

Outsourced

The practice of having certain job functions or tasks performed outside a company instead of by the company’s own employees.

Repetitive

Involves actions or events occurring in a regular and predictable pattern.

Unpredictable

Not able to be predicted or foreseen; capable of happening without any prior indication.