Forecasts of individual products tend to be less accurate than forecasts of product families.

Name: Forecasts of individual products tend to be less accurate than forecasts of product families.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Forecasts of product families are more accurate as they take into account the collective demand patterns of the products within the family, whereas individual product forecasts may not capture this collective effect and could be subject to more random variation.

Forecasts of Individual Products Tend to Be Less Accurate Than