Which of the following is a reality each company faces regarding its forecasting system?

a) After automating their predictions using computerized forecasting software, firms closely monitor only the product items whose demand is stable.

b) Most forecasting techniques assume there is no underlying stability in the system

c) Product family forecasts are less accurate than individual product forecasts

d) Outside factors that we cannot predict or control often impact the forecast.

Question

Macho

Social Studies

27 February, 22:46

Which of the following is a reality each company faces regarding its forecasting system?

a) After automating their predictions using computerized forecasting software, firms closely monitor only the product items whose demand is stable.

b) Most forecasting techniques assume there is no underlying stability in the system

c) Product family forecasts are less accurate than individual product forecasts

d) Outside factors that we cannot predict or control often impact the forecast.

+1

Answers (1)

Know the Answer?

Montgomery · Answer 1

d) Outside factors that we cannot predict or control often impact the forecast.

Explanation:

Company or organization forecasting is a method or technique to predict the company's future. It is the technique to predict or estimate the future aspects of the company's business or may be other operations. Planning and predicting for the company for the future is a critical thing. Many factors influence the forecasting of an organization but the some outside factors make it difficult to predict the company's forecast.

Hence the correct option is (d).