5 Questions
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.
amount
In marketing, forecasts are used for pricing and promotion, e-business strategies, and ______ competition strategies.
global
Test your knowledge on forecasting with this informative quiz! Discover the two important aspects of forecasts and their impact on decision-making. Explore the expected level of demand and its relation to structural variations. Challenge yourself to understand the importance of accuracy in forecasting.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
