1 a common feature of forecasting is thata forecasts are, Ask an Expert

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1. A common feature of forecasting is that:

A. Forecasts are purely based on mathematical equations

B. Forecasts are typically more accurate for shorter than longer time periods

C. Forecasts always accurate

D. Forecasts are more accurate for longer time periods

E. Forecasts can only predict seasonality

2. A weakness of the Qualitative forecasting process is that:

Forecasts are based on the knowledge of experts

Can bias the forecast and reduce the forecast accuracy

Unable to predict trends

Based on the analysis of mathematical data

Can incorporate the latest changes in the environment

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92553975

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