Question: Why is aggregate demand forecasting typically more accurate than forecasting for individual products? Group of answer choices It uses more advanced statistical techniques than individual

Why is aggregate demand forecasting typically more accurate than forecasting for individual products?
Group of answer choices
It uses more advanced statistical techniques than individual forecasts
It focuses on high-revenue items only
It eliminates the need for demand planning entirely
It reduces variability by averaging out fluctuations across multiple products

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!