Question: 2.1 Explain the differences between qualitative and quantitative forecasting methods. Which method is applicable under what conditions? 2.2 What are the advantages and disadvantages of

2.1 Explain the differences between qualitative

2.1 Explain the differences between qualitative and quantitative forecasting methods. Which method is applicable under what conditions? 2.2 What are the advantages and disadvantages of the Exponential Smoothing method? 2.3 Name at least three practical uses of forecast errors. 2.4 State three differences between the chase strategy and the level strategy in aggregate planning. Which strategy is better under what conditions? 2.5 Under what assumptions an aggregate planning problem can be for- mulated as a transportation model? What additional assumptions are needed to solve the transportation model by the greedy algorithm

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