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Which of the following factors requires that some form of forecasting take place? Group of answer choices Government regulations restrict the availability of crystal balls
Which of the following factors requires that some form of forecasting take place? Group of answer choices Government regulations restrict the availability of crystal balls so some other method of predicting the future is needed. Influence diagrams cannot be used without knowing the values that will be in effect in the future Most business decisions are made in advance of the realization of the outcome of the decision. The price elasticity of demand is a useful technique but cannot be implemented without predicting the price of the product in the future.Which of the following factors is more likely to IMPROVE the accuracy of a forecast? Group of answer choices The occurrence of unplanned events between the forecast and the realization of the outcome Having more factors felt to influence the event being forecast Having a high level of variation in the data used to prepare the forecast Having a short time between the forecast and the realization of the outcome being forecast
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