4. (TCO 5) In business forecasting, what is usually considered a short-term time

Question

4. (TCO 5) In business forecasting, what is usually considered a short-term time period? (Points : 3)        Four weeks or less
       More than 3 months
       Six months or more
       Less than 3 months
       One year Question 5.5. (TCO 5) In business forecasting, what is usually considered a long-term time period? (Points : 3)        Three months or longer
       Six months or longer
       One year or longer
       Two years or longer
       Ten years or longer Question 6.6. (TCO 5) In general, which forecasting time frame best identifies seasonal effects? (Points : 3)        Short-term forecasts
       Quick-time forecasts
       Long range forecasts
       Medium term forecasts
       Rapid change forecasts 4. (TCO 5) In business forecasting, what is usually considered a short-term time period? (Points : 3)        Four weeks or less
       More than 3 months
       Six months or more
       Less than 3 months
       One year

Explanation / Answer

4) Less than 3 months

The general rule for short term time period for forecasting is 0-3 months according to various company related data.

5.5) Two year or longer

Long term business forecasting is usually done for more than 2 year time horizon.

6.6) Medium term forecast

Seasonal sales usually occur at the time difference of more than 3 months which falls into the time frame of medium term forecast (3 months- 2 years)

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