Which of the following statements is best?
A) if we wish to forecast demand, then past sales must be used for the forecast
B) forecasts made in dollars for total sales should be used for manufacturing
C) forecasts should be made for all items, models, and options manufactured
D) all of the above are true
E) none of the above is true

Question

Quizplus · Accepted Answer

The best statement among the options is E, "none of the above is true." This is because the statements A, B, and C are not universally applicable or best practices in forecasting. A) is too restrictive as past sales are not the only factor to consider in forecasting demand. B) is not always practical or accurate, as forecasts should consider more than just dollar amounts. C) is overly broad and may not be efficient or necessary for all businesses. Therefore, none of the provided statements can be considered the best approach to forecasting without further context.

Which of the Following Statements Is Best