Using the correct data to get accurate forecasts

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Reference no: EM131600418

creating models, whether they be statistical, economic, or forecasting models there is a saying called Garbage In, Garbage Out. It means that if you put bad information or data into your models what comes out of it will be inaccurate. How do managers know they are using the correct data to get accurate forecasts?

Reference no: EM131600418

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