Which of the following statements about forecasting is false?
A) When the environment is more stable, forecasting is less complex than in unstable times.
B) Quantitative (statistical) methods are by far preferable to non-quantitative methods for forecasting.
C) Forecasting involves approximations, not certainties.
D) The accuracy of information available affects the quality of the forecast
E) The longer the time horizon, the more accurate the information used for forecasting.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about forecasting is false?
A) When the environment is more stable, forecasting is less complex than in unstable times.
B) Quantitative (statistical) methods are by far preferable to non-quantitative methods for forecasting.
C) Forecasting involves approximations, not certainties.
D) The accuracy of information available affects the quality of the forecast
E) The longer the time horizon, the more accurate the information used for forecasting.

Which of the Following Statements About Forecasting Is False