The choice of a forecasting method should be based on an assessment of the costs and the benefits of each method in a specific application.

Name: The choice of a forecasting method should be based on an assessment of the costs and the benefits of each method in a specific application.
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Question

Quizplus · Accepted Answer

The choice of a forecasting method should consider the trade-off between the accuracy and cost of the method, ensuring it is suitable for the specific context and requirements of the application.

The Choice of a Forecasting Method Should Be Based on an Assessment