A common feature of forecasting is that: A: Forecasts are purely based on mathem

Question

A common feature of forecasting is that:

A: Forecasts are purely based on mathematical equations

B: Forecasts are typically more accurate for shorter than longer time periods

C: Forecasts always accurate

D: Forecasts are more accurate for longer time periods

E: Forecasts can only predict seasonality

A: Forecasts are purely based on mathematical equations

B: Forecasts are typically more accurate for shorter than longer time periods

C: Forecasts always accurate

D: Forecasts are more accurate for longer time periods

E: Forecasts can only predict seasonality

Explanation / Answer

Forecasts are based on the past and present data available and predicting the future depending on this data. Certain methods are followed to forecast and is different for different fields. Hence the common feature of forecast is that they are purely based in mathematical equaltions. Hence the answer is A.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.