Jane, a Financial Analyst at a Small Food-Processing Company, Was

Multiple Choice

Jane, a financial analyst at a small food-processing company, was asked by the Chief Financial Officer to forecast the costs of the company's required raw materials over the next five years. You would advise her to

A) collect data carefully, use simple forecast models, and make multiple forecasts to get an average.
B) collect data carefully, use complex forecast models, and make multiple forecasts to get an average.
C) collect data carefully, use a simple forecast model, rely on increased accuracy farther into the future.
D) collect data carefully, use a simple forecast models, do not allow for any unexpected events.
E) collect data carefully, use a complex forecast model, do not rely upon it and it alone.