Answer:
The correct approach will be "short-range".
Explanation:
- Forecasting would be an essential component of planning as well as decision-making, manufacturing operations need to be consistent regarding the forecast horizon. The forecast period or horizon seems to be the length of time to improve predictions within the distance.
- Usually, the short range would be less around three months and seems to have a period ranging approximately one year. It has been used in scheduling, ordering arrangements for employees, job responsibilities, level of the working population, level of a commodity.
So that the above is the appropriate one.
