Time periods for a goal include which of the following? short-term mid-term intermediate-term long-term

1. short-term

2. mid-term

3. long-term

Explanation:

Goals can be classified depending on the time taken to accomplish them. In this classification, three categories emerge.

Short-term goals are goals that take less than one year to achieve. They may take a day, two days, weeks, months but not more than 12 months.

Midterm goals usually take between one year and five years to accomplish. They form a link between the long term and short term goals.

Long term goal takes more than five years and beyond to accomplish. Some may even take a lifetime. To achieve long-term goals, they are split into smaller, easy to manage short and midterm objectives.

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.