Question: What are the major limitations and problems inherent in forecasting? Multiple choice question. Crystal ball accuracy, data collection, and model complexity. Time constraints, historical data,
What are the major limitations and problems inherent in forecasting?
Multiple choice question.
Crystal ball accuracy, data collection, and model complexity.
Time constraints, historical data, and market fluctuations.
Market demand, price elasticity, and production costs.
Confidence intervals, specification, and change of structure.
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