Forecast error must be measured before it can be used to:
A) help in planning
B) revise the forecast
C) both A and B
D) neither A nor B

Name: Forecast error must be measured before it can be used to: A) help in planning B) revise the forecast C) both A and B D) neither A nor B
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Question

Quizplus · Accepted Answer

Forecast error measurement is essential for both planning and revising forecasts, as it provides insights into the accuracy and reliability of the forecasts, allowing for adjustments and better decision-making.

Forecast Error Must Be Measured Before It Can Be Used