All of the Following Are Important Concepts in Forecasting Except

question 62

Multiple Choice

All of the following are important concepts in forecasting except

• A)Determining the planning horizon length.
• B)Determining the time bucket size (i.e., year, quarter, month, week, day, etc.).
• C)Using a smoothing constant of 0.1 in Delphi methods of forecasting.
• D)Identifying cyclical patterns.

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Definitions:

Agents of Destruction

Refers typically to factors or entities that cause significant harm or damage, whether physically, psychologically, or environmentally.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically showing improved performance on simple or well-rehearsed tasks.

Reciting

Speaking aloud from memory, often practiced with poems, speeches, or other text materials.