Experts recommend that managers use a(n) ____ approach when using forecasting in making cycle-sensitive decisions.

A) administrative
B) global
C) divide-and-conquer
D) consensus
E) average

Forecasting

The practice of making predictions about future events based on historical and current data.

Cycle-sensitive Decisions

Decision-making that takes into account the cyclical nature of business, markets, or economic conditions, adjusting strategies accordingly.

Consensus Approach

A collaborative decision-making process where all group members agree on a specific outcome or decision.