Question

Arrange the following steps required for effective forecasting in a sequence ?
A. Determine the time period of forecast.
B. Identify the objectives for which forecasting is done.
C. Collect the data required.
D. Select the right forecasting method in line with objectives and time frame.
E. Implement the results for decision making and periodically evaluates the forecasting and revise. if required.
Choose the correct answer from the options given below :

• A. A, B, C, D, E
• B. B, A, C, D, E
• C. B, A, D, C, E
• D. A, B, C, E, D

Answer 1

Answer: (C)

B, A, D, C, E

Answer 2

The correct answer is (C) : B, A, D, C, E.