Which of the following is a reality each company faces regarding its forecasting system?

Which of the following is a reality each company faces regarding its forecasting system? 0 A. Most forecasting techniques assume there is no underlying stability in the system O B. Outside factors that we cannot predict or control often impact the forecast 。C. After automating their predictions using computerized forecasting software firms closely monitor only the product items whose demand is stable D. Product family forecast are less accurate than individual product forecasts. Од Productfamilyforecasta

Answer

B. Outside factors that we cannot predict or control often impact the forecast

There are so many outsider or external factors like consumer behavior, gas prices, political conditions, currency rate in foreign market etc that are there and have impact on the market which results in companies doubting forecasting system’s accuracy since the actual data doesn’t match what the forecasting system predicted. Companies can do only so little about it since they can’t change or influence the outside factors and each company goes through this while using forecasting systems  

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