Posted: December 27th, 2016
How do you feel about using qualitative versus quantitative demand forecasts?
How do you feel about using qualitative versus quantitative demand forecasts? What are the advantages and disadvantages qualitative forecasts? From a quantitative approach, what are the advantages and disadvantages of a time series demand forecast approach? What types of variables do you need to consider and understand in determining the accuracy of a time series demand forecast and why?
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