ekbaal

How can forecasting effectiveness be improved?

The forecasting is the main part in management. I have an assignment and need to know the details about it.
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3 replies

shanee
"Some suggestions for improving forecasting effectiveness are as follows: 1) Use simple forecasting techniques. 2) Compare every forecast with “no change.” 3) Don’t rely on a single forecasting method."
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sundar
Shorten the length of the forecasts, Forecasting is a managerial skill and can be practiced and improved.
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