Which of the following is a function of forecasting?
A) setting a target value and telling the program which variable to change to reach the goal
B) using semantic structures and linguistic relationships to extract meaningful business intelligence
C) calculating relationships between variables and allowing users to change some variables to see how others are impacted by it
D) analyzing seasonal trends to predict the future using statistical decision support tools

Question

Quizplus · Accepted Answer

Forecasting involves analyzing data and trends to predict future outcomes. Analyzing seasonal trends is a common method used in forecasting, and statistical decision support tools are often used to help with this analysis. Options A, B, and C describe different functions that may be performed in the context of data analysis or modeling, but they do not specifically relate to forecasting.

Which of the Following Is a Function of Forecasting