A Time-Series Forecast, Which Is Used to Predict Long-Term Trends

question 45

Multiple Choice

A time-series forecast, which is used to predict long-term trends, cyclic patterns, and seasonal variations, is one type of

• A)organizational strength.
• B)contingency planning.
• C)trend analysis.
• D)balanced scorecard.
• E)strategy formulation.

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Definitions:

Peak Period

The time frame during which the highest level of activity, usage, or demand occurs.

Off-Peak Period

A time period during which demand for a service or product is lowest, often leading to lower prices.

Marginal Subcontracting Cost

The additional cost incurred for subcontracting an extra unit of production or service, beyond current levels.

Layoff Cost

Expenses incurred by an organization when it temporarily or permanently terminates employment, typically including severance pay and benefits continuation.