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QUESTION 22 Forecasting is not a function which contributes to: deciding which business market to pursue deciding which product to produce deciding how bonuses should be allocated- deciding how much inventory to carry deciding how many people to hire QUESTION 23 Which of the following is not a feature common to all forecasting models? This period's forecast error is needed to compute next period's forecast. Forecasts are rarely perfect. Forecasts are more accurate for groups of items rather than for individual items. Forecasts are more accurate for shorter rather than for longer time horizons. QUESTION 24 The first step in forecasting is: determine what data is available decide what to forecast evaluate and analyze appropriate data select and test the forecast model establish the forecast accuracy requirements orecast model