which of the following statements is not true? a. the purpose of forecasting is to generate good forecasting on average over time, b. Forecasting for a shorter time period are usually more accurate than forecasting for a longer time horizon. c. it is difficult to forecast accurately; indeed, it is impossible. d. forecasting for groups of items are often less accurate than forecasting demand for single items
which of the following statements is not true? a. the purpose of forecasting is to generate good forecasting on average over time, b. Forecasting for a shorter time period are usually more accurate than forecasting for a longer time horizon. c. it is difficult to forecast accurately; indeed, it is impossible. d. forecasting for groups of items are often less accurate than forecasting demand for single items
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...
Related questions
Question
which of the following statements is not true?
a. the purpose of forecasting is to generate good forecasting on average over time,
b. Forecasting for a shorter time period are usually more accurate than forecasting for a longer time horizon.
c. it is difficult to forecast accurately; indeed, it is impossible.
d. forecasting for groups of items are often less accurate than forecasting demand for single items
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing