Apologies if this has been discussed before. What is a 'reasonable' level of forecast error to expect in a business forecast process? In particular for high level forecasts, say total corporate revenues or expenses for a time period of 1-2 years. And then for the same time period at a budget line item level.
I realize the answer probably is 'it depends', but have there been any published surveys recently of what companies in different industries have experienced? and what they consider acceptable? Thanks Sanford . . ================================================================= Instructions for joining and leaving this list, remarks about the problem of INAPPROPRIATE MESSAGES, and archives are available at: . http://jse.stat.ncsu.edu/ . =================================================================
