The Cresswell Company updates its annual sales forecast every month as new sales data becomes available. The one-month update is called:
A) the planning horizon.
B) the forecast period.
C) the forecast interval.
D) the forecasting horizon.

Question

Quizplus · Accepted Answer

The forecast interval refers to the time period between each forecast update, which in this case is one month as the company updates its annual sales forecast monthly.

The Cresswell Company Updates Its Annual Sales Forecast Every Month