Forecasters should expect to see random variation in virtually all demand.

Question

Quizplus · Accepted Answer

Random variation is a common occurrence in demand patterns and should be expected when making forecasts. This can be due to factors such as seasonality, changes in consumer behavior, and other external factors that can impact demand. Therefore, it is important for forecasters to account for and manage this random variation when making their predictions.

Forecasters Should Expect to See Random Variation in Virtually All