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grin007 [14]
3 years ago
5

True or false: The expected level (value) of the forecasted quantity is the most important aspect of the forecast.

Business
1 answer:
Mekhanik [1.2K]3 years ago
7 0

It is <u>FALSE</u> that the expected level (value) of the forecasted quantity is the most important aspect of the forecast.

<h3>What is a forecast?</h3>

A forecast is an estimate of future trends using predictions of past and present data.  A forecast assumes future repeatable patterns. However, a good forecast is:

  • Cost-effective
  • Accurate
  • Meaningful.

Thus, since the actual values will always differ from forecasted values, the most important aspect of the forecast is not the expected value.

Learn more about forecasts at brainly.com/question/26143214

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Answer:

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Explanation:

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3 years ago
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snow_tiger [21]

Answer:

Management and leadership realize how paradoxical thought can be used to enhance organization.

Explanation:

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4 years ago
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8 0
3 years ago
Hillary graduates from law school and gets a position in a law firm. At the same time the price of hamburger falls while other f
LiRa [457]

Answer:

no, since other things are not held constant, including her income

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However this is true when all other factors reman constant.

In the given scenario the price of hamburger has fallen but Hilary buys less of it. This looks like a violation of the law of demand, but her income has changed so the law of demand may not hold here.

All factors do not remain constant.

Hilary's behaviour can be explained by the concept income effect. Where an increase in income leads to the consumer buying more of expensive goods than cheaper ones.

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