All of the Following Are Important Criteria in Choosing a Forecasting

question 38

Multiple Choice

All of the following are important criteria in choosing a forecasting method EXCEPT:

• A) the smoothing constant (α).
• B) the time span for which the forecast is made.
• C) the data requirements.
• D) the quantitative skills needed.

---

Definitions:

Management Consultant

A professional who provides advice to businesses on strategy, structure, management, and operations.

Sources of Change

Sources of change include various factors that can alter the dynamics of an environment or organization, such as technological advancements, economic shifts, or cultural transformations.

Entrepreneurial Traits

Characteristic features and attributes that are commonly observed in successful entrepreneurs, such as innovation, risk-taking, and resilience.

Risk-Taking Behavior

The propensity to engage in activities or decisions that have the potential for significant loss or gain, typically evaluated in the context of business, investment, and personal choice.