What Forecasting Technique Assumes That One or More Factors Are

question 52

Multiple Choice

What forecasting technique assumes that one or more factors are related to demand and that this relationship can be used to estimate future demand?

• A)Exponential smoothing
• B)Judgmental
• C)Cause and effect
• D)Time series

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Definitions:

Hybrid Costing System

A costing methodology that combines elements of both job costing and process costing, used in manufacturing of goods with some common and some unique characteristics.

Professional Service Firms

Businesses that offer specialized services requiring professional skills, such as law, consulting, and accounting firms.

Mass Services Entities

Companies or organizations that deliver standardized services to a large number of customers, focusing on efficiency and high volume.

Merchandising Entities

Companies that purchase goods at wholesale prices and sell them at retail prices, making a profit from the markup.