When a Trucking Firm Uses the Number of Shipments for January

question 24

True/False

When a trucking firm uses the number of shipments for January of the previous year as the forecast for January next year, it is using a naïve forecasting model.

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Definitions:

Bureaucratic Inertia

The tendency of bureaucratic organizations to resist change and continue with established procedures and norms.

Lose Touch

The dwindling or loss of contact and communication with someone over time.

Policies

Guidelines or principles adopted by an organization or government to direct decisions and achieve rational outcomes.

Authoritarian

A governing system or leadership style characterized by strong central power and limited political freedoms.