In the forecasting process,the step of selecting a forecasting technique occurs before determining the time horizon for the forecast.

Name: In the forecasting process,the step of selecting a forecasting technique occurs before determining the time horizon for the forecast.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

Determining the time horizon for the forecast is crucial before selecting a forecasting technique because the choice of technique often depends on whether the forecast is short-term, medium-term, or long-term.

In the Forecasting Process,the Step of Selecting a Forecasting Technique