Question

Difference between long term and short term forecasting

Answer 1

I think short term forecasting is usually used in short termobjectives covering less than one year for example material requirement planning, scheduling, budgeting e.t.c while long term forecasting is usually used to predict the the long termobjectives covering more than five years for example product diversification .

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Answer 2

Answer:

Difference between long term and short term forecasting