1 Using real life situations, market examples, or personal experience, identify a product and explain each of the four forecasting variables as it relates to the products market conditions Which forecasting method do you think is the best option for that product Defend your answer 2 Using your product from question 1, explain how the design of the product affects the shape of the supply chain that is needed How does this affect product cost and availability

Question: 1 Using real-life situations, market examples, or personal experience, identify a product and explain each of the four forecasting variables as it relates to the

1 Using real-life situations, market examples, or personal experience, identify a product and explain each of the four forecasting variables as it relates to the product’s market conditions. Which forecasting method do you think is the best option for that product? Defend your answer.
2 Using your product from question 1, explain how the design of the product affects the shape of the supply chain that is needed. How does this affect product cost and availability?

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1 Forecasting Variables and the Best Method Lets consider the example of a smartphone as the product Well explore how each of the four forecasting variables relates to the smartphones market condition... View full answer

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