The two most important factors in choosing a forecasting technique are:
A)cost and time horizon.
B)accuracy and time horizon.
C)cost and accuracy.
D)accuracy and buy-in.
E)cost and ease of use.

Question

Quizplus · Accepted Answer

Cost and accuracy are the two most important factors to consider when choosing a forecasting technique. Cost is important to ensure that the technique is economically feasible, while accuracy is crucial to ensure that the forecast is reliable and can be used for decision-making. Time horizon, buy-in, and ease of use may also be important considerations, but they are secondary to cost and accuracy.

The Two Most Important Factors in Choosing a Forecasting Technique