One suggestion for improving forecasting effectiveness is to __________.
A) increase the length of forecasts to improve their accuracy
B) base your forecast on a single model whenever possible
C) always employ global forecasting
D) use simple forecasting methods
E) assume that you can accurately identify turning points in a trend

Question

Quizplus · Accepted Answer

Using simple forecasting methods is a good suggestion for improving forecasting effectiveness. Complex forecasting models may not be accurate, and simple models can often provide better results. Additionally, using simple models can help to increase transparency in the forecasting process and make it easier to communicate results to stakeholders.

One Suggestion for Improving Forecasting Effectiveness Is to __________