Selecting the type of forecasting method to use depends on
A)the time frame of the forecast.
B)the behavior of demand and demand patterns.
C)the causes of demand behavior.
D)All of these answer choices are correct.

Question

Quizplus · Accepted Answer

All of these factors should be taken into consideration when selecting a forecasting method. The time frame of the forecast will determine whether a short-term or long-term method is appropriate. The behavior of demand and demand patterns will influence the selection of a quantitative or qualitative method. The causes of demand behavior will help identify the underlying drivers of demand, which can inform the selection of a suitable method. Therefore, it is important to consider all of these factors to choose the best forecasting method.

Selecting the Type of Forecasting Method to Use Depends on