Following good forecasting practice does not guarantee ACCURATE forecasts on every occasion. One approach you could TAKE to answering critics is to compare the accuracy of your forecasts to a suitable benchmark. UNFORTUNATELY, benchmarks are not READILY available for all types of forecasting. If there is no benchmark relevant to your forecasts, you will need to show that you followed best forecasting practice. To do this, you can conduct an audit of the forecasting process you used and, if you did adhere to the relevant principles, you will get a good report that you can show critics.

Following good forecasting practice does not guarantee accurate forecasts on every occasion. One approach you could take to answering critics is to compare the accuracy of your forecasts to a suitable benchmark. Unfortunately, benchmarks are not readily available for all types of forecasting. If there is no benchmark relevant to your forecasts, you will need to show that you followed best forecasting practice. To do this, you can conduct an audit of the forecasting process you used and, if you did adhere to the relevant principles, you will get a good report that you can show critics.