In business forecasting what is usually considered a

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13. In business forecasting, what is usually considered a short-term time period?A.Four weeks or lessB.More than three monthsC.Six months or moreD.Less than three monthsE.One yearIn business forecasting, short-term usually refers to under three months; medium-term,three months to two years; and long-term, greater than two years.
Chapter - Chapter 03 #13Difficulty: EasyLearning Objective: 03-05 Know how to make time-series forecasts using moving averages and exponential smoothing.14. In business forecasting, what is usually considered a medium-term time period?
Chapter - Chapter 03 #14Difficulty: EasyLearning Objective: 03-05 Know how to make time-series forecasts using moving averages and exponential smoothing.
15. In business forecasting, what is usually considered a long-term time period?
Chapter - Chapter 03 #15Difficulty: EasyLearning Objective: 03-05 Know how to make time-series forecasts using moving averages and exponential smoothing.16. In general, which forecasting time frame compensates most effectively for randomvariation and short term changes?
Chapter - Chapter 03 #16Difficulty: MediumLearning Objective: 03-05 Know how to make time-series forecasts using moving averages and exponential smoothing.17. In general, which forecasting time frame best identifies seasonal effects?A.Short-term forecastsB.Quick-time forecastsC.Long range forecastsD.Medium term forecastsE.Rapid change forecastsIn general, the short-term models compensate for random variation and adjust for short-term changes (such as consumers' responses to a new product). Medium-term forecastsare useful for seasonal effects, and long-term models detect general trends and areespecially useful in identifying major turning points.
Chapter - Chapter 03 #17Difficulty: MediumLearning Objective: 03-05 Know how to make time-series forecasts using moving averages and exponential smoothing.

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Term
Fall
Professor
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Tags
Forecasting, consultant, Time series analysis

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