Which of Following Approaches Should Forecasters Follow While Choosing the Best

Multiple Choice

Which of following approaches should forecasters follow while choosing the best forecasting method?

A) Select the method that results in the fewest forecasting errors.
B) Examine the performance of a single forecasting method over time.
C) Select the method that results in the largest forecasting errors.
D) There is no significance on the forecasting method selected since there will always be differences between the forecasts and actual values.