470 final combined - Study guides, Class notes & Summaries
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Forecasts are more accurate for groups of items rather than for individual items.
- Answers • 36 pages • 2020
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Multiple Choice

 Result 100 % 

1. Forecasting is not a function which contributes to:

a) deciding which business market to pursue

b) deciding which product to produce

c) deciding how bonuses should be allocated

d) deciding how much inventory to carry

e) deciding how many people to hire

 

Ans:

Section Ref: Introduction

Level: easy

 

 

 

2. When evaluating forecasting models it is accurate to say:

a) they all rely on the same data sets

b) they will provide the same results

c) the...
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