Which of the following is not a step in the forecasting process?
A)Determine the purpose of the purpose.
B)Eliminate any assumptions and rely solely on verifiable factual data.
C)Establish a forecasting horizon.
D)Select a forecasting technique.
E)Monitor the forecast.

Question

Quizplus · Accepted Answer

Eliminating assumptions and relying solely on verifiable factual data is not always possible in the forecasting process as some level of assumptions and judgments may be necessary to make a forecast. Therefore, this is not a step in the forecasting process.

Which of the Following Is Not a Step in the Forecasting