State whether the following statements are true or false. If the statement is false, write the correct answer:
State whether the following statements are true or false. If the statement is false, write the correct answer:
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...
Related questions
Question
![State whether the following statements are true or false. If the statement is false, write
the correct answer:
1. Quantitate data is used in decision making especially for companies and
organization that are new in the market.
Answer:
2. Forecasting is a prediction rather than a reality to mislead an
implementing the proper decisions.
into
Answer:
3. Short range forecast generally is used for decision making in a period of about
job scheduling, assignments and
three months, and the decision taken are related
production levels.
Answer:
4. Demand forecasting predicts the rate of technological progress and impacts
development of new
Answer:
5. Qualitative
and taking
are more accurate, for they involve analyzing numeric data
based on previous numbers and statistics.
Answer:
hưo Aaicancoege of toMiddlst. 2021](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1923e7c4-66a1-40ee-99db-94ee0f069442%2Fb4603648-3181-4301-bddc-8aaed28f2020%2F3aso3lz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:State whether the following statements are true or false. If the statement is false, write
the correct answer:
1. Quantitate data is used in decision making especially for companies and
organization that are new in the market.
Answer:
2. Forecasting is a prediction rather than a reality to mislead an
implementing the proper decisions.
into
Answer:
3. Short range forecast generally is used for decision making in a period of about
job scheduling, assignments and
three months, and the decision taken are related
production levels.
Answer:
4. Demand forecasting predicts the rate of technological progress and impacts
development of new
Answer:
5. Qualitative
and taking
are more accurate, for they involve analyzing numeric data
based on previous numbers and statistics.
Answer:
hưo Aaicancoege of toMiddlst. 2021
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
![Contemporary Marketing](https://www.bartleby.com/isbn_cover_images/9780357033777/9780357033777_smallCoverImage.jpg)
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing