Forecasting techniques generally assume:
A)the absence of randomness.
B)continuity of some underlying causal system.
C)a linear relationship between time and demand.
D)accuracy that increases the farther out in time the forecast projects.
E)accuracy that is better when individual items, rather than groups of items, are being considered.

Question

Quizplus · Accepted Answer

Forecasting techniques often rely on the assumption that there is some continuity or consistency in the underlying factors that drive the forecasted outcomes, allowing for the prediction of future events based on past and present data.

Forecasting Techniques Generally Assume