Forecasts will __________ have some error between the forecasted values and the actual values.
A) Not likely
B) Likely
C) Neither not likely nor likely
D) Forecasts will be perfect predictions of the future

Question

Quizplus · Accepted Answer

It is important to understand that no forecast is perfect and there will always be some level of error between the forecasted values and actual values. This is because forecasts are based on assumptions and historical data, and the future may have unexpected events and changes that were not accounted for in the forecast. Therefore, it is likely that there will be some amount of error in forecasts.

Forecasts Will __________ Have Some Error Between the Forecasted Values