Business Studies · Business Forecasting
In the context of business forecasting, which of the following statements is incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Short-range forecasts are generally less accurate than long-range forecasts.✓
- 2Under time series forecasting, data obtained from past experience is analyzed.
- 3The least squares method of business forecasting is also known as the line of best fit.
- 4Index numbers are used as one of the methods for forecasting.
Correct answer
Short-range forecasts are generally less accurate than long-range forecasts.
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