Na

High

the need for sophisticated support staff. Still, other costs associated with forecast development and implementation cannot be ignored. Some major cost considerations often include data processing and storage costs, database maintenance and retrieval charges, and special hardware needs. Start-up costs to develop forecasts for new products and services, analysis, and modeling work tend to escalate over time, especially when the experience level of the forecasting staff is low. The maintenance of a complex forecasting system, on the other hand, can be relatively inexpensive if programming documentation and standards are kept current.

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