Long-range (two-to five-year)forecasts typically require the most accuracy because they are used for general (or aggregate)planning,

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Long-range forecasts, while important for strategic planning, are generally less accurate than short-term forecasts due to the increased uncertainty over longer time periods. They are used for broad planning rather than precise operations.

Long-Range (Two-To Five-Year)forecasts Typically Require the Most Accuracy Because They