Forecasts
A) become more accurate with longer time horizons.
B) are rarely perfect.
C) are more accurate for individual items than for groups of items.
D) are more accurate for new products than for existing products.
E) are impossible to make.

Question

Quizplus · Accepted Answer

Forecasts are rarely perfect, as they are based on assumptions and past data that may not completely reflect future realities. While longer time horizons may allow for more data and analysis, this does not necessarily make the forecasts more accurate. Additionally, forecasts may be more accurate for groups of items than for individual items, and may be equally or less accurate for new products compared to existing products. The statement "forecasts are impossible to make" is too extreme and not accurate.