MC PracticeQuestions CH3 part1 - Forecasts based on...

Forecasts based on judgment and opinion don't include
A. executive opinion
B. salesperson opinion
C. second opinions
D. customer surveys
E. Delphi methods
In business, forecasts are the basis for: Which of the following features would not generally be considered common to all forecasts? Which of the following is not a step in the forecasting process? Minimizing the sum of the squared deviations around the line is called:
A. mean squared error technique
B. mean absolute deviation
C. double smoothing
D. least squares line
E. predictor regression