Which of the Following Statements Generally Describe Forecasts

Which of the following statements generally describe forecasts?

A) Sophisticated forecasting packages produce exact forecasts.
B) Forecasts get worse the farther into the future they go.
C) Individual products are easier to forecast than aggregated products.
D) Forecasts should be used for products with dependent demand.
E) Business forecasts are generally correct.

Correct Answer:

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