LESSON OBJECTIVE Assessment Criteria AC 3.2 Create trend lines in spreadsheet graphs to assist in forecasting for specified business information Below are questions pertaining to lesson 9. Please ensure to answer each question correctly. 1. What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? 2. What limitations do quantitative techniques have? 3. What is the purpose of establishing control limits for forecast errors? 4. Suppose a software producer is about to release a new version of its popular software. What information do you think it would take into account in forecasting initial sales? 5. How is forecasting in the context of a supply chain different from forecasting for just a single organization? 6. Contrast the reactive and proactive approaches to forecasting. Give several examples of types of organizations or situations in which each type is used. Review The Video & Write A 150 Word Summary By Focusing On What You Have Learnt.
Carlene Johnson
11/13/2016 07:27:12 pm
1. Its more flexible and predictive
shadea fulwood
11/15/2016 09:00:52 pm
1. What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? Comments are closed.
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