Identify the primary limitation of all forecasting techniques.
A)They are qualitative in nature.
B)They tend to give biased estimates.
C)They rely on managerial intuition and judgment.
D)They rely on historical patterns and activity levels.

Question

Quizplus · Accepted Answer

All forecasting techniques rely on historical patterns and activity levels which may not accurately predict future events due to changes in market conditions or external factors.

Identify the Primary Limitation of All Forecasting Techniques