In general, which forecasting time frame is best to detect general trends?
A) Short-term forecasts
B) Quick-time forecasts
C) Long-range forecasts
D) Medium-term forecasts
E) Rapid-change forecasts

Question

Quizplus · Accepted Answer

Long-range forecasts are generally best suited for detecting general trends as they cover a period of several years or more and can capture long-term patterns and changes in the market or industry. Short-term, quick-time, and rapid-change forecasts are more focused on predicting short-term fluctuations and changes. Medium-term forecasts may capture some trends, but they are not as comprehensive as long-range forecasts.

In General, Which Forecasting Time Frame Is Best to Detect