Which aspects are important when making predictions based on data for forecasting purposes? (Select all that apply)

Which aspects are important when making predictions based on data for forecasting purposes? (Select all that apply)
A . Incorporating statistical methods for accurate predictions
B . Using only basic arithmetic functions for forecasting
C . Relying solely on historical data without considering external factors
D . Considering trends and anomalies in historical data

View Answer

Answer: A,D

Explanation:

Incorporating statistical methods and considering trends and anomalies are crucial for accurate predictions in forecasting.