Forecasting Essentials
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Questions and Answers

Forecasts are important to making ______ decisions.

informed

The level of demand may be a function of some ______ variation such as trend or seasonal variation.

structural

Accuracy is related to the potential size of forecast ______.

error

In finance, forecasts are used for equipment/equipment replacement needs, timing and ______ of funding/borrowing needs.

<p>amount</p> Signup and view all the answers

In marketing, forecasts are used for pricing and promotion, e-business strategies, and ______ competition strategies.

<p>global</p> Signup and view all the answers

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