In general, which forecasting time frame compensates most effectively for random variation and short-term changes?
A) Short-term forecasts
B) Quick-time forecasts
C) Long-range forecasts
D) Medium-term forecasts
E) Rapid-change forecasts

Question

Quizplus · Accepted Answer

Short-term forecasts are most effective at compensating for random variation and short-term changes because they focus on immediate data and trends, allowing for quick adjustments.

In General, Which Forecasting Time Frame Compensates Most Effectively for Random