Determining the purpose of the forecast is an important first step in the forecasting process because it dictates:
I.the level of detail required in the forecast
II.the amount of resources that can be justified
III.the level of accuracy required
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III only
E) none of the choices are true

Question

Quizplus · Accepted Answer

The purpose of the forecast influences the level of detail, resources, and accuracy needed, as different purposes require different levels of each.

Determining the Purpose of the Forecast Is an Important First