When actual demand results are known,the various forecasting methods are evaluated again,and the one that is least successful is chosen to make the prediction for the next period.

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When actual demand results are known, the various forecasting methods are evaluated again, and the one that is most successful is chosen to make the prediction for the next period. This is because the goal of forecasting is to minimize the forecasting error and improve accuracy, so the method that performed the best in the previous period is likely to continue to perform well in the future.

When Actual Demand Results Are Known,the Various Forecasting Methods Are