Which of the Following Is True About Using Forecasts

question 21

Multiple Choice

Which of the following is true about using forecasts?

• A)Multiple forecasts are best, and their predictions can be averaged.
• B)Forecasts become more accurate while predicting further into the future.
• C)Forecasts are useless when the future will look radically different from the past.
• D)The more complex the forecast, the more accurate are the predictions.
• E)The accuracy of forecasts does not vary from one application to another.

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