$1.$ What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have?

$2.$ What are some of the consequences of poor forecasts? Explain.

$3.$ List the specific weaknesses of each of these approaches to developing a forecast:

a$.$ Consumer surveys.

b$.$ Salesforce composite.

c$.$ Committee of managers or executives

$4.$ Omar has heard from some of his customers that they will probably cut back on order sizes in the next quarter. The company he works for has been reducing its sales force due to falling demand and he worries that he could be next if his sales begin to fall off. Believing that he may be able to convince his customers not to cut back on orders, he turns in an optimistic forecast of his next quarter sales to his manager. What are the pros and cons of doing that?