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Irina-Kira [14]
3 years ago
8

Forecasting drives all of the key business functions. Among the following cases, select the cases that are the least suited for

the use of quantitative forecasting. (1). Demand of radically innovative new product (2). Supply of agricultural products (3). Demand of commodities (4). The rate of new product production
Business
2 answers:
Svetach [21]3 years ago
7 0

Answer:

(1). Demand of radically innovative new product

Explanation:

Forecasting refers to a decision making tool for planning and making estimates of future projections. This is usually achieved by relying on past events to determine future outcomes.

There are two forecast types, namely; judgment-based and quantitative.

The combination of the two types helps to get the best outcome as it aids to mitigate weaknesses.

Oksanka [162]3 years ago
3 0

Answer:

<u>1)Demand of radically innovative new product</u>

Explanation:

Remember <em>radically Innovative new products</em> are quality-focused so that consumers see value to be derived from them before making demands.

Therefore it best suited for qualitative forecasting rather than quantitative forecasting.

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break-even level of output for this project (ignoring taxes)? (2 decimal places)

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3 years ago
The monthly amounts spent for food by families of four receiving food stamps approximates a symmetrical, normal distribution. Th
otez555 [7]

Answer:

The correct answer is D

Explanation:

Empirical rule is the rule in statistics, which defined as that for the normal distribution, that is as:

68% of the data fall under one standard deviation of mean.

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Data (All) which is 99.7%  lie under the three standard deviations of the mean.

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On February 1, 2018, Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in trea
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Answer:

The journal entries to record both transactions should be:

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