Pertaining to the strategic importance of forecasting the, Operation Management

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Pertaining to the strategic importance of forecasting the

1. Pertaining to the strategic importance of forecasting: The forecast is the only estimate of demand until _________ demand becomes known:

Critical

Variable

Actual

Forecast

2. A __________ is an indirect nonfinancial and financial payment that employees receive for their continued employment with an organization.?

?benefit

?raise

?hike

?wage

3. A given forecast has a tracking signal of -1.76. This means that over time:

Actual demand is equal to forecasted demand

Actual demand is greater than forecasted demand

Actual demand is less than forecasted demand

Cannot determine

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