1. What is the best forecasting method and Why? justify your answer.

2. How are the following affected capacity and why do they need to be effectively managed for business success.

- Facilities

- products or service factors

- processes factors

- human considerations factors

- Policy factors

- operational factors

- the supply chain factors

-external forces

3. There are 2 general approaches to forecasting: Qualitative Forecasting and Quantitative Forecasting. Thoroughly define each. Give an example in detail of how an organization (name an organization of your choosing) would measure the performance of a department or product, based on quantitative forecasting: then qualitative forecasting for the same organization or product.