Sophisticated and costly forecasting models would be most appropriate for which product:
A) Paper clips
B) Pencils
C) Smartphones
D) Diapers
E) None of the above

Question

Quizplus · Accepted Answer

Smartphones are a complex and rapidly evolving product with a high variability of demand and supply factors, which makes them suitable for the use of sophisticated and costly forecasting models. The other products listed have relatively stable demand and supply factors and would not require the same level of forecasting precision.

Sophisticated and Costly Forecasting Models Would Be Most Appropriate for Which