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:

Methadone

A synthetic opioid used medically both as a pain reliever and in the treatment of opioid addiction.

Endorphins

Naturally occurring chemicals in the body that not only alleviate pain but also enhance sensations of joy.

Opiate

A category of drugs derived from the opium poppy (or synthetic analogs) that primarily act as central nervous system depressants and are used for pain relief.

Amphetamines

Drugs (such as methamphetamine) that stimulate neural activity, causing accelerated body functions and associated energy and mood changes.