The First Step in Forecasting Is

question 38

Multiple Choice

The first step in forecasting is:

• A) determine what data is available
• B) decide what to forecast
• C) evaluate and analyze appropriate data
• D) select and test the forecast model
• E) establish the forecast accuracy requirements

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Definitions:

Top Management

Executives or high-level managers in an organization responsible for making strategic decisions and setting company policies.

Diversity Mature Organization

An organization that has effectively integrated diversity and inclusion into its culture and business practices.

Glass Ceiling

A metaphorical barrier preventing advancement beyond a certain level, especially affecting women and minorities in professional contexts.

Bottom-Up Change

An approach to change management where the initiative for change comes from employees at all levels rather than being imposed from higher management.