One suggestion for improving forecasting effectiveness is to ________.
A)use complex forecasting sequences
B)gather as much data as possible
C)always employ global forecasting
D)use simple forecasting methods
E)generate mathematical models based on competitor-based scenarios

Question

Quizplus · Accepted Answer

Using simple forecasting methods can be more effective than complex methods because they are easier to understand and implement, and can result in more accurate predictions. Additionally, focusing on gathering relevant data and incorporating it into the forecasting process can also improve its effectiveness. Global forecasting and generating mathematical models based on competitor-based scenarios may not necessarily be the most useful approaches for all businesses.

One Suggestion for Improving Forecasting Effectiveness Is to ________