Question

Forecasts used for new product planning, capital expenditures, facility location or expansion, and R&D typically utilize a

a.short-range time horizon.
b.medium-range time horizon.
c.long-range time horizon.
d.naive method, because there is no data history.
e.all of the above.

Answer 1

c.long-range time horizon.

Step-by-step explanation:

Forecasts consider long-range time horizon to improve accuracy and provide more authenticity.