According to one study, the most important criteria used to select a specific forecasting method is
A) the accuracy of the forecasting method.
B) ease of use.
C) data requirements.
D) the cost of the method.
E) familiarity with the method.

Question

Quizplus · Accepted Answer

Accuracy is the most important criteria in selecting a forecasting method as it directly impacts the quality of the forecasted results. Ease of use, data requirements, cost, and familiarity with the method may also be important factors, but their significance will depend on the specific context and needs of the organization.

According to One Study, the Most Important Criteria Used to Select