Final answer:
The claim regarding the executive judgment method's accuracy in forecasting sales is false; rational expectations aiming to leverage all past experiences offer a better approach for future forecasting.
Step-by-step explanation:
The statement that the executive judgment method of sales forecasting is very accurate in predicting future sales is false. Instead, it is more realistic to say that rational expectations are used to forecast the future to the greatest extent possible, taking into consideration all historical experiences. Unlike rational expectations, adaptive expectations focus on past data and adjust with new data, but without proactively anticipating future conditions.False.
The executive judgment method of sales forecasting is not very accurate in predicting future sales. It relies on the subjective judgment of executives rather than quantitative data, which can lead to bias and errors. Other methods, such as time series analysis or market research, are generally more reliable for sales forecasting.