Question: In general, short-term forecasts are more accurate than long-term forecasts, as are forecasts where cyclical or seasonal factors are fairly well defined and repeatable. Describe

In general, short-term forecasts are more accurate than long-term forecasts, as are forecasts where cyclical or seasonal factors are fairly well defined and repeatable. Describe the factors that influence the reliability of time-series forecasts. Under what circumstances would a time-series model offer a fairly reliable forecast?

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