What type of forecasting is concerned with changes in the external environment?
A) process-based
B) event-based
C) internal-based
D) transaction-based

Question

Quizplus · Accepted Answer

Event-based forecasting is concerned with identifying and predicting changes in the external environment, such as shifts in market trends or changes in government regulations. Process-based forecasting involves predicting changes within an organization's internal operations, internal-based forecasting involves looking at internal factors such as employee turnover, and transaction-based forecasting involves using past transaction data to make predictions about future sales or revenue.

What Type of Forecasting Is Concerned with Changes in the External