One of the characteristics of forecasts is
A)aggregate forecasts are usually more accurate than disaggregate forecasts.
B)disaggregate forecasts are usually more accurate than aggregate forecasts.
C)short-term forecasts are usually less accurate than long-term forecasts.
D)long-term forecasts are usually more accurate than short-term forecasts.

Question

Quizplus · Accepted Answer

Aggregate forecasts tend to be more accurate than disaggregate forecasts because they smooth out the fluctuations and randomness that can be present in more detailed forecasts, leading to a more accurate overall prediction.

One of the Characteristics of Forecasts Is