State whether the following statements are true or false. If the statement is false, write the correct answer: Forecasting is a prediction rather than a reality to mislead an organization into implementing the proper decisions.Answer: Short range forecast generally is used for decision making in a period of about three months, and the decision taken are related to job scheduling, assignments and production levels.Answer: Associate forecasting considers several dependent and independent variables to build a model and then forecast an item of interest.Answer:.please make sure the answer is correct 100%

The term forecasting is a technique that uses the historical data as inputs to make the informed…

Answered: Forecasting is a prediction rather than…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section: Chapter Questions

Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...

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State whether the following statements are true or false. If the statement is false, write the correct answer:

Forecasting is a prediction rather than a reality to mislead an organization into implementing the proper decisions.

Answer:

Short range forecast generally is used for decision making in a period of about three months, and the decision taken are related to job scheduling, assignments and production levels.

Answer:

Associate forecasting considers several dependent and independent variables to build a model and then forecast an item of interest.

Answer:

please make sure the answer is correct 100%

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