It is a common saying that the only thing certain about a forecast is that it will

Question:

It is a common saying that the only thing certain about a forecast is that it will be wrong. What is meant by this?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations and Supply Chain Management The Core

ISBN: 978-1259696596

4th edition

Authors: F. Robert Jacobs, Richard Chase

See More Books

Question Posted: Oct 21, 2016 03:36 AM

See More Questions

Brian Felley purchased a used Ford Taurus from Thomas and Cheryl Singleton for $5,800. The car had 126,000 miles on it. After test driving the car, Felley discussed the condition of the car with...
Elmo finds himself at a Coke machine on a hot and dusty Sunday. The Coke machine requires exact changetwo quarters and a dime. No other combination of coins will make anything come out of the...
Rating Movies on a Numerical Scale: My wife and I often go to movies and afterwards assign a rating ranging from0 to 10 to the movie we saw. A: Suppose we go to see a double feature, first Terminator...
The adjusted trial balance of Silver Sign Company follows: Requirements 1. Assume Silver Sign Company has a January 31 year end. Journalize Silvers closing entries at January 31. 2. How much net...
Knight Supply Corp. has not grown for the past several years and management expects this lack of growth to continue. The firm last paid a dividend of $3.56. If you require a rate of return of 13...
In 2017, Ball Labs incurred the following costs: Direct costs of doing contract research and development work for the government to be reimbursed by a governmental...
A list of the typical attributes of creams and pastes is given in Example 1.2. Identify two sunscreen lotion products from two different companies. Compare them based on the four product attributes...
Wren Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its employees. The plan requires quarterly installments to be paid to the funding agent, Whims...
Prater Incorporated enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. A summary of the exchange is as follows: Transferred Warehouse Land...
Caroline, age 66 and filing single as a dependent of another, received the following income items for the current year: Social Security benefits (nontaxable) ..$ 3,000 Pension benefits (taxable)...
What sorts of risks do you see in reliance on the Internet in the use of Collaborative Planning, Forecasting, and Replenishment (CPFR)?
All forecasting methods using exponential smoothing, adaptive smoothing, and exponential smoothing including trend require starting values to get the equations going. How would you select the...
In your experience in the business world, when has the concept of a population mean been significant? Under what circumstances was it significant?
D1 Consider the standard Gordon model of equity valuation Po = where Po is the time-zero k-g price of an equity security, D is the dividend in the next period, k is the discount rate (the required...
A P/E multiple could be high relative to the S&P 500 Index because its high growth rate justifies it. You notice a stock that has an assumed growth rate of 5.43% with a dividend payout ratio of 64.9%...
Parminder is considering taking a secured inventory loan for his business. There are three types of secured inventory loans, all of which might be a good fit. Parminder has asked you to describe the...
Make a Theoretical Framework of the topic "the influence of social networks in companies" It must have: 1. definitions of social networks 2. the most important social networks 3. advantages of social...
You are the owner of a small bakery, Vista Confectioners. Your business is expanding, and you decide to order three new display cases from Foxtrot Furniture, a company based 200 miles away with whom...
The distance between two points P(6, -2) and Q(2a, a) is 5. Find the two possible values of a.
Solve for the equilibria of the following discrete-time dynamical systems Pr pt+1 = Pr+2.0(I-Pr)
What factors account for the resurgence of interest in OSCM today?
As the field of OSCM has advanced, new concepts have been applied to help companies compete in a number of ways, including the advertisement of the firms products or services. One recent concept to...
Some people tend to use the terms effectiveness and efficiency interchangeably, though weve seen they are different concepts. But is there any relationship at all between them? Can a firm be...
Subtract and simplify: 5x-6x+2-(-2-x+2x)
In order to value a company, you would need to forecast its future (a key word here) free cash flows. How would you approach this task? Using downloaded real data, try to make the forecast and see,...
share five (5) pieces of advice you would give the class about personal financial planning. Explain each. You might go back and look at the introductions in the first discussion for a general,...

It is a common saying that the only thing certain about a forecast is that it will

Question:

Step by Step Answer:

Because forecasting involves making predictions about ...View the full answer

Operations and Supply Chain Management The Core

Students also viewed these Management Leadership questions