The forecasting function is
A)the foundation of any revenue management system.
B)unnecessary for a revenue management system.
C)an added plus for any revenue management system.
D)likely to create problems for any revenue management system.

Question

Quizplus · Accepted Answer

The forecasting function is essential for a revenue management system as it provides the basis for making informed decisions about pricing and inventory control. Without accurate forecasting, it is difficult to optimize revenue and maximize profits. Therefore, the forecasting function is not just an added plus, but rather the foundation of any revenue management system.

The Forecasting Function Is