Question

How does postponement likely affect forecast accuracy?

a.It reduces forecast accuracy.
b.It increases forecast accuracy.
c.Forecast accuracy stays the same.

Answer 1

Postponement is likely to affect forecast accuracy negatively, as it introduces additional uncertainty into the forecast.

Step-by-step explanation:

Postponement is likely to affect forecast accuracy negatively, as it introduces additional uncertainty into the forecast.

When there is a delay in obtaining information, the forecast becomes less accurate because the available data may no longer reflect the current situation.

For example, if a weather forecast is postponed and the weather conditions change before the forecast is made, the accuracy of the forecast will be affected.