Which of the following is a characteristic of high-quality forecasts indicated by the letter 'S' in COWS?

High-quality forecasts are characterized by small forecast errors, which is reflected in the 'S' of the acronym COWS. This indicates that effective forecasting relies on precision and accuracy, minimizing the difference between the forecasted values and the actual outcomes. Small forecast errors suggest that the model being used is robust and reliable, leading to better decision-making based on these predictions.

In the context of forecasting, significant deviations would imply a lack of reliability in the forecast, making it less useful for stakeholders. Strategic enhancements and specialized inputs, while potentially valuable in some forecasting contexts, do not directly relate to the fundamental quality measure of the forecast itself. In forecasting, a high level of accuracy is essential, and small forecast errors are a clear indicator of that quality.