Which of the following statements is FALSE:
A)Time Series forecasting is based on the assumption that the future is an extension of the past
B)Cause-and-Effect forecasting assumes that one or more factors are related to demand and,therefore,can be used to predict future demand
C)All quantitative methods become less accurate as the forecast's time horizon increases
D)It is generally not recommended to use a combination of both quantitative and qualitative methods

Question

Quizplus · Accepted Answer

It is not true that it is generally not recommended to use a combination of both quantitative and qualitative methods. In fact, combining both methods can often lead to more accurate and reliable forecasts.

Which of the Following Statements Is FALSE