Asked by Sujan Subedi on Sep 26, 2024
Verified
An office manager would be able to do a time series forecast of the quantity of her e-mails a year from now if she kept a daily record of her e-mail.
Time Series Forecast
The use of historical data to predict future events or trends, often through the analysis of patterns over time in areas such as sales, stock prices, or weather.
Office Manager
A professional responsible for overseeing administrative tasks in an office, ensuring smooth operations and facilitating communication among staff.
- Acknowledge the significance of scenario writing and forecasting within the framework of strategic planning.
Verified Answer
RA
Ralissa Andrews1 day ago
Final Answer :
True
Explanation :
If the office manager kept a daily record of her past e-mails quantity, she can use that data to build a time series model and do a forecast for the future. Time series analysis is a statistical technique used to analyze and forecast data that changes over time. Therefore, if the data is well collected and analyzed, a time series forecast is possible.
Learning Objectives
- Acknowledge the significance of scenario writing and forecasting within the framework of strategic planning.
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