Which One of the Following Statements About Forecasting Is TRUE

question 40

Multiple Choice

Which one of the following statements about forecasting is TRUE?

• A)The five basic patterns of demand are the horizontal,trend,seasonal,cyclical,and the subjective judgment of forecasters.
• B)Judgment methods are particularly appropriate for situations in which historical data are lacking.
• C)Casual methods are used when historical data are available and the relationship between the factor to be forecast and other external and internal factors cannot be identified.
• D)Focused forecasting is a technique that focuses on one particular component of demand and develops a forecast from it.

---

Definitions:

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Surveyed

The process of examining and recording the characteristics, boundaries, and features of a land area for construction, legal, or environmental purposes.

Delaminating

The process where layers of a composite material separate or split, often due to failure in bonding.

Bilge

The lowest part or area of a ship's hull, often used to collect excess water that can then be pumped out.