Forecasting techniques are based on the idea that
A) the future is related to the past (Assessing the Environment; Quantitative Forecasting Tools)
B) the future can be predicted accurately
C) a good guess about the future is better that no guess at all
D) experts with the right tools can know the future with near certainty

Question

Quizplus · Accepted Answer

Forecasting techniques are based on the assumption that the future is related to the past. Historical data and patterns are used to make predictions about future trends and events. While forecasting can provide valuable insights, it is not always accurate and unexpected events or factors can disrupt projections.

Forecasting Techniques Are Based on the Idea That