The Three Major Types of Forecasts Used by Organizations in Planning

question 67

Multiple Choice

The three major types of forecasts used by organizations in planning future operations are:

• A) strategic, tactical, and operational.
• B) economic, technological, and demand.
• C) exponential smoothing, Delphi, and regression.
• D) causal, time-series, and seasonal.
• E) departmental, organizational, and territorial.

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Definitions:

Nominal Interest Rate

The interest rate as stated on a loan or financial product, not taking into account inflation or fees.

Annual Compounding

The method of accruing interest on the main amount of a deposit or loan annually.

Semi-annual Compounding

The process of calculating interest where the accumulated interest is added to the principal sum twice a year.

GICs

Guaranteed Investment Certificates, fixed-term deposits offered by Canadian banks that guarantee a certain rate of return over a specified period.