The type of forecasting method selected depends on time frame,demand behavior and causes of behavior.

Question

Quizplus · Accepted Answer

This statement is true. The selection of forecasting method depends on various factors such as the time frame for which the forecast is needed, the behavior of demand, and the causes of that behavior. Different forecasting methods like time series analysis, causal analysis, and qualitative methods are chosen based on these factors.

The Type of Forecasting Method Selected Depends on Time Frame,demand