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.

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Definitions:

Clonus

A neurological condition characterized by involuntary muscle spasms or contractions resulting from a series of rapid, rhythmic, and repetitive reflexes.

Brainstem Injury

Damage or trauma to the brainstem, which can affect vital functions such as breathing, heart rate, and consciousness.

Cerebral Cortex

The outer layer of the brain, involved in numerous high-level brain functions such as thought, memory, and consciousness.

Extending Arms

The action of stretching out one's arms away from the body, often to reach for something or as a form of exercise.