1. A common feature of forecasting is that:
A. Forecasts are purely based on mathematical equations
B. Forecasts are typically more accurate for shorter than longer time periods
C. Forecasts always accurate
D. Forecasts are more accurate for longer time periods
E. Forecasts can only predict seasonality
2. A weakness of the Qualitative forecasting process is that:
Forecasts are based on the knowledge of experts
Can bias the forecast and reduce the forecast accuracy
Unable to predict trends
Based on the analysis of mathematical data
Can incorporate the latest changes in the environment