inaccurate forecasting

Why Does Inaccurate Forecasting Occur?

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Data Quality: Poor quality of data or outdated data can lead to faulty predictions.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.

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