Which of the following categories is NOT used to classify forecasts?

Forecasting is a critical component of supply chain and operations management, as it allows organizations to make informed decisions based on expected future conditions. Forecasts are generally classified into categories based on their time frames: short-range, medium-range, and long-range.

Short-range forecasts are typically focused on immediate needs, such as operational planning for the next few days or weeks. Medium-range forecasts generally cover a period of one month to a year and are used for tactical planning. Long-range forecasts, on the other hand, extend from one year to several years and are designed for strategic planning, helping organizations anticipate long-term changes and trends.

The choice classified as “Extra-long-range” does not fit standard forecasting categories. While some organizations may engage in very long-term forecasting, this term is not commonly recognized in the framework of forecasting classifications. As a result, it does not belong among the established categories commonly used to categorize forecasts.