Question: Which of the following is wrong about forecasting? Forecasting predicts future events. Using forecast, a company can accurately predict the costs and profits of the

Which of the following is wrong about forecasting?
Forecasting predicts future events.
Using forecast, a company can accurately predict the costs and profits of the upcoming quarter.
Most of the time forecasting is not a one-off process.
Short term forecasts are more accurate than long term forecasts.
Forecasts can be qualitative or quantitative.

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