Long-term forecasts are usually less __________ than short-term forecasts.Group of answer choicescostlyaccuratetime consumingNone of the above.

The correct choice to complete the sentence "Long-term forecasts are usually less __________ than short-term forecasts" is "costly."

Explanation

Long-term forecasts tend to require less frequent updates and adjustments compared to short-term forecasts, which often need to be revised based on immediate data and changing conditions. Thus, the resources and costs associated with gathering, analyzing, and processing data for long-term forecasts can be more efficiently allocated, leading to lower costs per forecast. In contrast, short-term forecasts may involve more volatile data and require quicker adjustments, making them generally more costly in terms of time and resources.

Final Answer

Long-term forecasts are usually less costly than short-term forecasts.