Last year, the analysts responsible for forecasting sales at PlastiPharm forecasted an increase of 10 percent for
Fantastic news! We've Found the answer you've been seeking!
Question:
Last year, the analysts responsible for forecasting sales at PlastiPharm forecasted an increase of 10 percent for the year. They used historical records as well as past economic growth rates to determine the forecast, but it was too low - by 8 percent. Why should the forecasters even bother to estimate if their predictions could still be off? Choose the best explanation.
Posted Date: