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What are some of the consequences of poor forecasts

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Reference no: EM13913004

What are some of the consequences of poor forecasts? Explain.

Reference no: EM13913004

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Discuss how you would manage a poor forecast. : Discuss how you would manage a poor forecast.
When a new business is started : When a new business is started, or a patent idea needs funding, venture capitalists or investment bankers will want to see a business plan that includes forecast information related to a profit and loss statement. What type of forecasting information..
What are the conditions that would have : It has been said that forecasting using exponential smoothing is like driving a car by looking in the rearview mirror. What are the conditions that would have to exist for driving a car that are analogous to the assumptions made when using exponen..
Explain the trade off between responsiveness and stability : Explain the trade off between responsiveness and stability in a forecasting system that uses time series data
What are some of the consequences of poor forecasts : What are some of the consequences of poor forecasts? Explain.
Choose the type of forecasting technique : Choose the type of forecasting technique (survey, Delphi, averaging, seasonal, naive, trend, or associative) that would be most appropriate for predicting
Suppose a software producer is about to release : 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?
Which type of forecasting approach : Which type of forecasting approach, qualitative or quantitative, is better?
How is forecasting in the context of a supply chain : How is forecasting in the context of a supply chain different from forecasting for just a single organization? List possible supply chain benefits and discuss potential difficulties in doing supply chain forecasting.

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