Characteristics of Forecasts Forecasts are always wrong.Should include expected value and measure of error. Long-term forecasts are less accurate than short-term forecasts (forecast horizon is important) Aggregate forecasts are more accurate than disaggregate forecasts SEIEE AU406 7-3+ - SEIEE AU406 7-3 Characteristics of Forecasts  Forecasts are always wrong. Should include expected value and measure of error.  Long-term forecasts are less accurate than short-term forecasts (forecast horizon is important)  Aggregate forecasts are more accurate than disaggregate forecasts