Which of the following is NOT true about forecasting? It is good practice to include a measure
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Question:
Which of the following is NOT true about forecasting?
It is good practice to include a measure ofexpected forecast error with any forecast.
In exponential smoothing, a lower smoothing constant will betterforecast demand for a product experiencing high growth.
It is good practice to use more than one forecasting model andthen take a look at the results using common sense. A benefit of qualitative forecasts is that they takeadvantage of expert opinion |
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