Business
Business, 16.10.2021 14:00, gnoelle98

Identify the correct statement about forecasting. The primary goal of forecasting is to predict areas within the organization where there will be future capital shortages or surpluses for equipment. Judgmental methods are excellent for capturing historic trends in a company's demand for labor directional strategies. Under the right conditions, judgmental methods give predictions that are much more precise than those that could be achieved statistically. Forecasting, on both the supply and demand sides, can use either statistical methods or judgmental methods.

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