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Forecasting for Wal-Mart; How does it relate to product development and services
1) How is forecasting carried out in a company such as Wal-Mart (be sure to specify the level you are discussing)?
2) How does that relate to product development and services it offers?
3) What are the difficulties your organization faces most in coming up with accurate forecasts? Could they improve their forecasts by using different methods?
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The Burrito Barn is considering a price reduction on the Firegut Burrito, which presently sells for the price of $5.00. Giuseppe, the proprietor of Burrito Barn, knows the price elasticity for the Firegut is roughly equal to 2.3 over the range bei..
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