Question: State the differences between point and interval forecasts. In what respect does an interval forecast reflect the level of uncertainty about anticipated future quantities? One

State the differences between point and interval

State the differences between point and interval forecasts. In what respect does an interval forecast reflect the level of uncertainty about anticipated future quantities? One of your colleagues claims that since interval forecasts provide a range of plausible future sales scenarios, they are de facto more informative than point counterparts". Do you generally agree or disagree with the above assertion

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