Forecasts are usually classified by time horizon into three categories
A) short-range, medium-range, and long-range
B) finance/accounting, marketing, and operations
C) strategic, tactical, and operational
D) exponential smoothing, regression, and time series
E) departmental, organizational, and industrial

Question

Quizplus · Accepted Answer

Forecasts are generally classified based on the time horizon. Short-range forecasts typically cover up to one year in advance, whereas medium-range forecasts cover one to three years ahead. Finally, long-range forecasts cover more than three years.

Forecasts Are Usually Classified by Time Horizon into Three Categories