KNOWLEDGE CHECKPOINT $7\mathrm{.}4$

While forecasts remain an important part of supply chain planning, benchmark companies are working hard to reduce their reliance on forecasts$-$especially forecasts with long time horizons. Why?

Select all that apply:

Forecasts are always incorrect at some level

Forecasts are tied to a reward systems that can distort their accuracy

The translation of a business forecast into SKU$/$material forecasts is extremely difficult

Measuring error is an important first step in improving forecasts

Forecasts place greater emphasis on more recent periods and less emphasis on periods further back in time