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:

Resistors

Components in an electrical circuit that reduce current flow and adjust signal levels, among other uses.

Strategies

Planned actions or tactics designed to achieve a specific goal or overcome obstacles.

Peak Performer

An individual who consistently operates at the maximum of their abilities and achieves top results.

Habits

Regular patterns of behavior that are often performed unconsciously and are acquired through frequent repetition.