Sales forecasts tend to be less accurate over the long-term than over the short-term.

Name: Sales forecasts tend to be less accurate over the long-term than over the short-term.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because long-term sales forecasting takes into account more variables that can change over time, whereas short-term sales forecasting is based on more immediate and concrete data. As variables change over time, long-term sales forecasts may not hold up as accurately as short-term forecasts.

Sales Forecasts Tend to Be Less Accurate Over the Long-Term