Question: Which of the following would tend to decrease forecast accuracy? Select the correct response. an attempt to forecast demand for a group of similar items

Which of the following would tend to decrease forecast accuracy?
Select the correct response.
an attempt to forecast demand for a group of similar items rather than an individual iteman increase in the flexibility of the production system
a change in the underlying causal system
a reduction in demand variability
a shortening of the forecast time horizon

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!