Forecasts are more accurate for _________ time horizons:
A) Short
B) Medium
C) Long
D) Annual
E) None of the above

Question

Quizplus · Accepted Answer

Forecasts are usually more accurate for shorter time horizons as there is less uncertainty and volatility in the short term. The further into the future a forecast is made, the more external factors and variables come into play, making it harder to accurately predict future outcomes.

Forecasts Are More Accurate for _________ Time Horizons