Question

Forecasting provides about risk and uncertainties А. Clues
B. Decision Making
С.Discipline
D . None of these​

Answer 1

Answer:

Forecasting reduces uncertainty but replaces it with the risk of excess inventory, reduced profit or other specific risks. Data and the use of models can reduce the risk of sales forecasting if they are based on past successful forecasting. Adding current data to revise forecasts also reduces risk.