There are three categories of forecasts classified by time horizons
A) short-term, medium-term, and long-term
B) exponential smoothing, regression, and time series
C) strategic, analytical, and operational
D) finance, marketing, and operations

Question

Quizplus · Accepted Answer

The three categories of forecasts are typically classified by time horizons as short-term, medium-term, and long-term. Exponential smoothing, regression, and time series are methods of forecasting, not categories. Strategic, analytical, and operational are types of forecasts based on their purpose. Finance, marketing, and operations are specific areas within a business that may require forecasts.

There Are Three Categories of Forecasts Classified by Time Horizons