$1.$ Why are accurate forecasts so$$ important?

A$.$

They are the foundation for business growth.

B$.$

They are always quantitative in nature.

C$.$

Forecasting is an exact science.

D$.$

Humans cannot make business forecasts.

Part $8$

$2.$ The best type of forecasting for introducing a new product is

A$.$

a time series model.

B$.$

an$$ attribute$-$based method.

C$.$

using historical data.

D$.$

There is no good method. Guesses are all managers can do$.$

Part $9$

$3.$ Time series models include

A$.$

moving averages.

B$.$

weighted moving averages.

C$.$

Holt and$$ Holt$-$Winters.

D$.$

All of the above.

Part $10$

$4.$ Forecasting software

A$.$

does not allow human input as it is totally automated.

B$.$

can only be used in new product introduction.

C$.$

is accurate$95\%$ of the time.

D$.$

can automate the use of different methods as a product goes thorough its lifecycle.