Which One of the Following Statements About Forecasting Is FALSE

question 120

Multiple Choice

Which one of the following statements about forecasting is FALSE?

• A)Causal methods of forecasting use historical data on independent variables (promotional campaigns,competitors' actions,etc. )to predict demand.
• B)Three general types of forecasting techniques are used for demand forecasting: time-series analysis,causal methods,and judgment methods.
• C)Time series express the relationship between the factor to be forecast and related factors such as promotional campaigns,economic conditions,and competitor actions.
• D)A time series is a list of repeated observations of a phenomenon,such as demand,arranged in the order in which they actually occurred.

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Definitions:

Qualifications

The credentials, education, skills, and experience that make an individual suitable for a specific job or task.

Stereotype

An extensively accepted yet uncomplicated and unchanging notion or representation of a specific sort of individual or thing.

Hiring

The process of reviewing applications, conducting interviews, and selecting candidates to fill job positions.

Promotion

The advancement of an employee to a higher position in an organization, usually accompanied by increased responsibilities and pay.