Given the realization that all forecasts are wrong, why do we still see forecasting used so frequently

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Given the realization that all forecasts are wrong, why do we still see forecasting used so frequently by organizations? Explain your rationale?

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Understanding Cross Cultural Management

ISBN: 9781292015897

3rd Edition

Authors: Marie Joelle Browaeys, Roger Price

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Posted Date: Feb 01, 2024 02:36 AM

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Given the realization that all forecasts are wrong, why do we still see forecasting used so frequently

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Despite the acknowledgment that all forecasts are inherently imperfect and subject to error organizations continue to rely on forecasting for several reasons Planning and DecisionMaking Forecasts prov... View the full answer

Understanding Cross Cultural Management

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