Forecasts can go wrong because of
A) random events
B) white swans
C) calculation errors
D) incorrect data

Question

Quizplus · Accepted Answer

Random events, such as natural disasters or unexpected economic changes, can disrupt any forecast. While efforts can be taken to minimize the impact of these events, their unpredictability is a significant challenge for accurate forecasting. White swans, which are events that are rare but have a profound impact, can also disrupt forecasts. Calculation errors and incorrect data can be factors as well, but they can be minimized or corrected with proper quality control measures.

Forecasts Can Go Wrong Because of