There are two important keys to improving the credibility and accuracy of forecasts of sales and market potential.The first is to make explicit the assumptions on which the forecast is based.The second key to effective forecasting is to use multiple methods.
With the second key when forecasts obtained by different methods converge near a common figure, greater confidence can be placed in that figure

Question

Quizplus · Accepted Answer

Using multiple forecasting methods and comparing their results can increase confidence in the forecasts when these results converge, indicating a higher likelihood of accuracy. Making assumptions explicit also enhances the credibility and reliability of the forecasts by allowing for critical evaluation and adjustment.

There Are Two Important Keys to Improving the Credibility and Accuracy