Forecasts are more accurate for individual items than for groups or families of items.

Name: Forecasts are more accurate for individual items than for groups or families of items.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Forecasts tend to be more accurate for groups or families of items because individual variations or fluctuations in demand tend to cancel each other out when aggregated, leading to a smoother and more predictable overall pattern.

Forecasts Are More Accurate for Individual Items Than for Groups