Sophisticated forecasting models are not always better than simple o There is no single forecasting technique that should be used for all p Neither (a) nor (b) are a key principle of focus forecasting Both (a) and (b) are key principles of focus forecasting
Sophisticated forecasting models are not always better than simple o There is no single forecasting technique that should be used for all p Neither (a) nor (b) are a key principle of focus forecasting Both (a) and (b) are key principles of focus forecasting
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 42P: The file P13_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars)...
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![Which of the following is NOT a key principle of focus forecasting?
A. Sophisticated forecasting models are not always better than simple ones
B. There is no single forecasting technique that should be used for all products and services
C. Neither (a) nor (b) are a key principle of focus forecasting
D. Both (a) and (b) are key principles of focus forecasting](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F74044234-80d9-4ac5-b71a-378c43b8313d%2F1a65260a-7e64-44dd-a8e5-b8d1b6d2e0be%2Fp8hsox_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following is NOT a key principle of focus forecasting?
A. Sophisticated forecasting models are not always better than simple ones
B. There is no single forecasting technique that should be used for all products and services
C. Neither (a) nor (b) are a key principle of focus forecasting
D. Both (a) and (b) are key principles of focus forecasting
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