All of the following are important criteria in choosing a forecasting method EXCEPT:
A) the smoothing constant (α).
B) the time span for which the forecast is made.
C) the data requirements.
D) the quantitative skills needed.

Question

Quizplus · Accepted Answer

The smoothing constant (α) is specific to certain types of forecasting methods (e.g., exponential smoothing) and not a general criterion for choosing among all forecasting methods. Other factors like the time span, data requirements, and quantitative skills needed are more universally applicable considerations.

All of the Following Are Important Criteria in Choosing a Forecasting