Multiple Choice
Which of the following statements is true about demand forecasts?
A) Demand forecasts are always accurate in predicting the actual demand that will occur in the future period.
B) Demand forecasts are rarely accurate in predicting the actual demand that will occur in the future period.
C) Demand forecasts are estimates of long-term demand for a firm's products.
D) Demand forecasts do not account for the randomness in the actual demand.
Correct Answer:
Verified
Correct Answer:
Verified
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