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...
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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
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
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