Which of the following statements is FALSE about good forecasts?
A)They should be easy to interpret so that users have confidence in the forecasts.
B)The costs of preparing the forecasts should outweigh its benefits.
C)Any deviations from actual demand should be small.
D)They should be available within a reasonable timeframe.

Question

Quizplus · Accepted Answer

A good forecast should provide benefits that outweigh its costs, otherwise it may not be worth investing resources in preparing it. Option B states the opposite, making it false. Options A, C, and D are all true statements about good forecasts.

Which of the Following Statements Is FALSE About Good Forecasts