As a result of the fast-paced changes occurring in the external environment, forecasting techniques have become obsolete in helping managers cope with uncertainty about the future.

Question

Quizplus · Accepted Answer

Forecasting techniques are continuously evolving and adapting to incorporate new data, technologies, and methodologies, making them valuable tools for managers to anticipate future trends and uncertainties, despite the fast-paced changes in the external environment.

As a Result of the Fast-Paced Changes Occurring in the External