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Forecasting Inaccuracy & Accuracy

Reasons for forecasting Inaccuracy
Lack of participation by functional managers in the development of & the execution of a forecast system.Forecast requires alignment with one another to ve effective.
Too difficult to understand. If a forecasting tool is too difficult to understand it will most likely fail.
The more complex is the forecasting tool, the more isolated users are from the process& the more work is required to maintain it. Such a tool is also likely to be more costly to run & maintain.

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