Question:
"Forecasting is not an exact science, and it is rare for a forecast to be exactly right. Given this uncertainty, it is usually best to use the previous period's data and add/reduce some percentage value based on managerial intuition." Indicate whether the statement is true or false.
Manager:
Manager refers to a company's employee who is involved in handling a department/unit or overall company's activities. Handling a company'ss affairs, arranging resources, creating reports, guiding personnel, are some basic managerial functions.
Answer and Explanation:
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This statement is False
Explanation: Forecasting is an approach that is usually used for predicting the future. In the dynamic environment, merely...
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