Question

The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results.__________ states, forecasts for groups of products or services tend to be more accurate. Many businesses have found that it is easier and more accurate to forecast for groups of products or services than it is to forecast for specific ones.

Answer 1

Law 2

Step-by-step explanation:

Forecasts for the Near Term Tend To Be More Accurate.- Law 2 recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly.