There are several reasons why inaccurate forecasting might occur:
Data Quality: Poor quality of data or outdated data can lead to faulty predictions. Human Error: Mistakes in data analysis or bias in judgment can skew forecasting results. External Factors: Unforeseen economic changes, natural disasters, or political instability can disrupt even the most well-calculated forecasts. Model Limitations: Using inappropriate or overly simplistic forecasting models can lead to errors.