Which of the following is NOT a step in the forecasting process?
A) Determine the use of the forecast.
B) Eliminate any assumptions.
C) Determine the time horizon of the forecast.
D) Select the forecasting model.
E) Validate and implement the results.

Question

Quizplus · Accepted Answer

Eliminating assumptions is not a step in the forecasting process. In fact, many times assumptions are made in order to create a forecast. The other steps in the forecasting process include determining the use of the forecast, determining the time horizon, selecting the forecasting model, and validating and implementing the results.

Which of the Following Is NOT a Step in the Forecasting