Asked by Jacob Smith on Sep 26, 2024

If Jaylow manufacturing wanted to predict the outcome of a highly probable future event such as the impact an impending strike will have on production they would use ________________forecast.

A) Event timing
B) Time series
C) Market
D) Event outcome
E) Economic

Event Outcome Forecast

The prediction of the results or impacts of a particular event, based on analysis or models.

Time Series

A sequence of data points, typically measured at successive points in time, spaced at uniform time intervals, used for statistical analysis or forecasting.

Impending Strike

A forthcoming work stoppage planned by employees as a form of protest against working conditions, policies, or decisions made by employers.

  • Gain insight into the notions and categories of prognoses applied in business strategy planning.