Which of the following is not important when choosing the most appropriate forecasting method?
A) Mathematical sophistication.
B) Rate of technological and market change.
C) The organization's planning horizon.
D) The resources available for forecasting.

Question

Quizplus · Accepted Answer

Mathematical sophistication is not a primary factor in choosing the most appropriate forecasting method. The key considerations should focus on the specific needs of the organization, such as the rate of change in the market, the planning horizon, and the resources available for forecasting. These factors directly impact the relevance and applicability of the forecasting method to the organization's context, whereas the complexity of the mathematical approach does not inherently determine its suitability.

Which of the Following Is Not Important When Choosing the Most