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Which one of the following statements about forecasting is true? Focused forecasting is a technique that focuses on one particular component of demand and develops
Which one of the following statements about forecasting is true? Focused forecasting is a technique that focuses on one particular component of demand and develops a forecast from it 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. The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters. Judgment methods are particularly appropriate for situations in which historical data are lacking.
Which one of the following statements about forecasting is true?
Focused forecasting is a technique that focuses on one particular component of demand and develops a forecast from it
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.
The five basic patterns of demand are the horizontal, trend, seasonal, cyclical, and the subjective judgment of forecasters.
Judgment methods are particularly appropriate for situations in which historical data are lacking.
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