Aggregate forecasts are generally much easier to develop whereas detailed forecasts require more time and resources.

Question

Quizplus · Accepted Answer

Aggregate forecasts involve making broad predictions about future demand or market trends, whereas detailed forecasts require more granular analysis of specific factors that can impact demand. As a result, developing aggregate forecasts is generally less time-consuming and resource-intensive than developing detailed forecasts.

Aggregate Forecasts Are Generally Much Easier to Develop Whereas Detailed