Which of the following is not a step in the forecasting process?
A)Determine the purpose and level of detail required.
B)Eliminate all assumptions.
C)Establish a time horizon.
D)Select a forecasting model.
E)Monitor the forecast.

Question

Quizplus · Accepted Answer

Eliminating all assumptions is not a step in the forecasting process because assumptions are inherent to forecasting. They form the basis for generating forecasts, especially when dealing with uncertainties and future events.

Which of the Following Is Not a Step in the Forecasting