Which of the following is not true about forecastingit is, Ask an Expert

Management Studies

Which of the following is NOT true about forecasting?

It is good practice to include a measure of expected forecast error with any forecast.

In exponential smoothing, a lower smoothing constant will better forecast demand for a product experiencing high growth.

It is good practice to use more than one forecasting model and then take a look at the results using common sense.

A benefit of qualitative forecasts is that they take advantage of expert opinion.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91911804

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