A(n) __________ forecast involves starting with the last known value of the item being forecast, listing the factors that could affect the forecast, assessing whether they have a positive or negative impact, and making the final forecast.

Question

Quizplus · Accepted Answer

The described method is the definition of a lost-horse forecast, as it involves starting with the last known value and assessing external factors to make the forecast.

A(n) __________ Forecast Involves Starting with the Last Known Value