Question

20. Which of the following is not true for forecasting
(1 Point)
*
A) Forecasts are rarely perfect
B) The underlying casual system will remain same in the future
C) Forecast for group of items is accurate than individual item
OD) Short range forecasts are less accurate than long range forecast​

Answer 1

Answer:

ans is d - short range forecast are less accurate than long range forecast.

Explanation:

hope it is helpful!!!

Answer 2

(D) Short range forecasts are less accurate than long range forecast​ is not true for forecasting

Explanation:

• Forecasting is a strategy that uses previous data as inputs to create informed predictions about the direction of future trends. Essentially, it is a decision-making tool that assists firms in dealing with the impact of future uncertainty by analyzing previous data.
• Forecasting is used by businesses to determine how to allocate their budgets or plan for anticipated costs. Based on historical data, forecasting enables firms to create acceptable and achievable goals.
• Forecasting is the process of forecasting what will happen in the future based on occurrences in the past and present. So, Short range forecasts are less accurate than long range forecast​ is not true.