Which of the following factors should be considered when one designs a forecasting process?
A)Time horizon for planning.
B)Level of detail for planning.
C)Availability of data.
D)All the answers are correct.

Question

Quizplus · Accepted Answer

All of the factors listed should be considered when designing a forecasting process. The time horizon for planning is important because different forecasting methods may be more appropriate for short-term versus long-term predictions. The level of detail for planning affects the granularity of the forecasted data, which can impact accuracy. The availability of data is essential for the forecasting process as it informs the selection of appropriate forecasting methods and improves accuracy. Therefore, all the answers are correct.

Which of the Following Factors Should Be Considered When One