Which of the following is not one of the six basic questions that a forecast must answer?
A)Who will be using the forecast?
B)How much profit will the firm be able to make?
C)How much time do I have to develop the forecast?
D)What is the time period of the forecast?
E)How relevant is and what is the availability of historical data?

Question

Quizplus · Accepted Answer

The six basic questions that a forecast must answer are: who will be using the forecast, what is the time period of the forecast, what data are available, what is the relevance of the data, how can the data be quantified, and what methods or techniques are available to develop the forecast. How much profit the firm will be able to make is not one of these six basic questions.

Which of the Following Is Not One of the Six