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.
Learning Objectives
- Gain insight into the notions and categories of prognoses applied in business strategy planning.
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