Question: are Aggregate forecasts are generally more accurate than local forecasts? why or why not?

are Aggregate forecasts are generally more accurate than local forecasts? why or why not?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. Multiple Choice Questions 1) The cycle view of a supply chain holds that A) the processes in a supply chain are divided into 2 categories. B) the processes in a supply chain are divided into a...

Q:

One of the characteristics of forecasts is a. aggregate forecasts are usually less accurate than disaggregate forecasts. b. long-term forecasts are usually less accurate than short-term forecasts. c....

Q:

One of the characteristics of forecasts is aggregate forecasts are usually less accurate than disaggregate forecasts. disaggregate forecasts are usually more accurate than aggregate forecasts. short...

Q:

Question 7 : In forecasting, which of the following statements is INCORRECT? A ) Aggregate forecasts are generally more accurate than individual forecasts. B ) The shorter the forecast horizon, the...

Q:

Which of the following statements about employment forecasts is TRUE?-Good forecasts must be based only upon facts, never on assumptions.- Long-term forecasts are generally more accurate than...

Q:

A demand forecasting method is accurate when _ _ _ _ . bias is small mean absolute deviation ( MAD ) is small mean squared error ( MSE ) is small all of the above only A and B aggregate forecasts are...

Q:

Supply chain managers need to understand that q , . aggregate forecasts are usually less accurate than disaggregate forecasts forecasts are inaccurate long - term forecasts are usually more accurate...

Q:

31. Forecasting must take several factors into account all of the following statements are true EXCEPT: A. past demand B. planned advertising or marketing strategies C. estimating level and trends D....

Q:

32. Air freight is costly, but its speed may create savings because of: A. the extensive availability of airports B. lower inventory C. getting to store shelves before water carriers D. lower costs...

Q:

Characteristics of forecasts are: A. They are always corret! B. A good forecast is always a single number C. Aggregate forecasts are usually more accurate OD. Forecasts should not be used to the...

Q:

Develop a formula for finding the time constant of the liquid-level system shown in Fig. P5?4 when the average operating level is h0. The resistance R is linear. The tank has three vertical walls and...

Q:

Suppose that the linear model (section 3.6.1) Ax = c has been scaled so that aii = 1 for every i. Show the following:

Q:

The grant date is the date when Multiple select question. the grant's terms are set. the expected life of the options has expired. the stock options are awarded to individual employees. the vesting...

Q:

What is an example of constructive feedback? provide reference