All of the following are true about forecasts EXCEPT:
A)become less accurate with longer time horizons.
B)are less accurate for individual items than for groups of items.
C)are always perfect.
D)are usually the responsibility of operating managers to prepare.
E)assume the same underlying causal system in the future as the past.

Question

Quizplus · Accepted Answer

Forecasts are not always perfect and are subject to error due to unpredictable events and changes in the underlying causal systems.

All of the Following Are True About Forecasts EXCEPT