The Forecasting Technique That Works Best for Short Planning Horizons

question 56

Multiple Choice

The forecasting technique that works best for short planning horizons is _____.

• A) regression
• B) moving average
• C) mean absolute percentage error (MAPE)
• D) Delphi

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Definitions:

Active Listener

Someone who pays close attention to what is being said, demonstrating engagement and understanding through feedback, paraphrasing, and reflection.

Management's Decision

Refers to choices or judgments made by those with executive or administrative authority within an organization, influencing its direction and operations.

Feedback

Information provided regarding aspects of one’s performance or understanding, used as a basis for improvement.

Receiver

an entity that intercepts and processes messages or signals sent from a sender.