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Debora [2.8K]
3 years ago
13

Which of the following statements is NOT true regarding​ forecasting? A. Forecasting may involve taking historical data and proj

ecting them into the future with a mathematical model. B. Forecasting is exclusively an objective prediction. C. A forecast is usually classified by the future time horizon that it covers. D. Forecasting is the art and science of predicting future events.
Business
1 answer:
laiz [17]3 years ago
6 0

Answer: Forecasting is exclusively an objective prediction.

Explanation: In simple words, the process of predicting any future event by analyzing the past data is called the forecasting. The factors that an analyst takes from the past could be both qualitative and quantitative.

     The forecasting process is done for a specified period and not for infinity. In other words, it is the study of trends and predicting how these trends could change in the future.

Hence from the above we can conclude that the correct option is B.

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Question 3 Fill in the blank: Curiosity, understanding context, having a technical mindset, data design, and data strategy are _
vladimir1956 [14]

When one is said to have curiosity, an ability to understand context, and a technical mindset, they have <u>analytical skills.</u>

<h3>What are analytical skills?</h3>

These are skills that allow a person to make decisions based on data that they are presented with.

They include skills such as curiosity, data design, data strategy, and an ability to understand context. These allow a person to look at data, and understand what to do with it.

In conclusion, option D is correct.

Find out more on data drive decisions at brainly.com/question/26064077.

8 0
1 year ago
What type of economy is an economic system in which private businesses can operate freely with minimal state control
kkurt [141]
Market economy is the economic system which private businesses can operate freely with minimal state control
7 0
3 years ago
Read 2 more answers
This year Luke has calculated his gross tax liability at $1,800. Luke is entitled to a $2,400 nonrefundable personal tax credit,
Fantom [35]

Answer:

Luke's net tax due or refund is $2,900

Explanation:

In order to calculate Luke's net tax due or refund we would have to make the following calculation:

Luke's net tax due or refund=Luke's non refundable credit+income taxes withheld from his salary

Luke's non refundable credit=non refundable personal tax credit-gross tax liability

Luke's non refundable credit=$2,400-$1,800

Luke's non refundable credit=$600

Therefore, Luke's net tax due or refund=$600+$2,300

Luke's net tax due or refund=$2,900

Luke's net tax due or refund is $2,900

6 0
3 years ago
Don is a high-ranking manager in an advertising firm. He was recently offered a job with higher pay and more lucrative benefits
PIT_PIT [208]

Answer:

The correct answer is "b) counteroffer"

Explanation:

In other words, a counteroffer is an "offer made in response to another"

For Don´s case, if the employers don´t make a counteroffer, Don would leave the company (for the benefits that the rival is offered). If you were a manager, and you appreciate his work, the right decision is "Don's employers decided to make him a counteroffer matching the offer from their rival firm ".

8 0
3 years ago
Leisure products has sales of $738,800, cost of goods sold of $598,200, and accounts receivable of $86,700. How long on average
makkiz [27]

<u>Calculation of Average Collection period:</u>


It is given that Leisure products have sales of $738,800 and accounts receivable of $86,700. It order to find how long on average does it take the firm's customers to pay for their purchases, we need to calculate the Average Collection period as follows:


Average Collection period = Average Accounts Receivable *365 / Sales Revenue

= 86700*365 / 738800

= 42.83

(Note: it is assumed that Average Accounts Receivable is $86,700)


Hence, it take around <u>42.83 days </u>to the firm's customers to pay for their purchases.




6 0
3 years ago
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