The type of forecasting method selected depends on time frame, demand behaviour, and causes of behaviour.

Name: The type of forecasting method selected depends on time frame, demand behaviour, and causes of behaviour.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The choice of forecasting method is influenced by the time frame (short-term, medium-term, long-term), the nature of demand behavior (stable, seasonal, trend), and the underlying causes of that behavior (economic factors, market trends, etc.).

The Type of Forecasting Method Selected Depends on Time Frame