All of the following are important concepts in forecasting except
A)Determining the planning horizon length.
B)Determining the time bucket size (i.e., year, quarter, month, week, day, etc.).
C)Using a smoothing constant of 0.1 in Delphi methods of forecasting.
D)Identifying cyclical patterns.

Question

Quizplus · Accepted Answer

While determining the planning horizon length, determining the time bucket size, and identifying cyclical patterns are all important concepts in forecasting, using a specific smoothing constant such as 0.1 in Delphi methods is not a universally applicable or necessary concept. The choice of smoothing constant may vary depending on the specific method and circumstances of the forecasting task.

All of the Following Are Important Concepts in Forecasting Except