EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 9, Problem 15PA
Summary Introduction
Interpretation:The capabilities of available commercial software packages in
Concept Introduction:
Many organizations worldwide use various types of commercial software packages in making business forecasts. As the business environment that prevails at present is so turbulent, forecasting for the future is very much essential. Since these packages have been developed accordingly, to cater to the needs of businesses, the forecasts made via them could be relied upon to a great extent. Nevertheless, it should always be kept in mind that no matter how good a forecast might be, there’s always a chance it could go wrong.
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