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, using statistical decision support tools, to predict the future

Question

Quizplus · Accepted Answer

Forecasting involves analyzing trends in past data to predict future outcomes. This is typically done using statistical decision support tools to identify seasonal or cyclical patterns in the data. By understanding these patterns, predictions can be made about future trends and potential outcomes.

Which of the Following Is a Function of Forecasting