Which of the following is/are important to consider in selecting a forecasting technique?
A) accuracy of the forecasts
B) program finds optimal smoothing constants
C) program seasonally adjusts data
D) computer program offers multiple techniques
E) all of the above

Question

Quizplus · Accepted Answer

All of the options are important to consider when choosing a forecasting technique. Accuracy of forecasts is crucial for decision-making purposes, while a program that finds optimal smoothing constants and seasonally adjusts data can improve the accuracy of forecasts. Moreover, having a computer program that offers multiple techniques allows for comparing the performance of different models and selecting the most appropriate one for the given context.

Which of the Following Is/are Important to Consider in Selecting