A principle of forecasting is that uncertainty cannot be tolerated.

Name: A principle of forecasting is that uncertainty cannot be tolerated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Uncertainty is an inherent part of forecasting, and cannot always be eliminated. Instead, forecasts must be accompanied by measures of uncertainty, such as confidence intervals or probability assessments, in order to provide decision-makers with a more complete understanding of the potential outcomes.

A Principle of Forecasting Is That Uncertainty Cannot Be Tolerated