Forecasts
A) become more accurate with longer time horizons
B) are rarely perfect
C) are more accurate for individual items than for groups of items
D) all of the above
E) none of the above

Question

Quizplus · Accepted Answer

Forecasts are rarely perfect and are subject to various sources of error, including inaccurate data or assumptions, unexpected events, and changes in market conditions. While longer time horizons may provide more information and context for making forecasts, they also increase the potential for errors and uncertainties. Additionally, forecasts may be more accurate for individual items that have consistent demand patterns, rather than groups of items that may have more variability and complexity.