Which of the following is true about using forecasts?
A)Multiple forecasts are best, and their predictions can be averaged.
B)Forecasts become more accurate while predicting further into the future.
C)Forecasts are useless when the future will look radically different from the past.
D)The more complex the forecast, the more accurate are the predictions.
E)The accuracy of forecasts does not vary from one application to another.

Question

Quizplus · Accepted Answer

Forecasting is a method for predicting how will change in the future. The best advice for using forecasts includes using multiple forecasts and averaging their predictions.

Which of the Following Is True About Using Forecasts