Which of the following is one suggestion for improving forecasting effectiveness?
A)Do not utilise a 'no change' scenario.
B)Base forecasts beyond the next two years.
C)Utilise the 'half-life' estimation model.
D)Factor analyse product information.
E)Use rolling forecasts instead of a static one.

Question

Quizplus · Accepted Answer

Using rolling forecasts instead of static ones can help improve forecasting effectiveness by constantly updating the forecast based on new information and reducing the impact of outdated data. This can lead to more accurate and timely forecasts. options A, B, C, and D are not necessarily bad suggestions, but they do not necessarily have a clear edge over other forecasting methods.

Which of the Following Is One Suggestion for Improving Forecasting