Question: 3. Quantitative forecasting methods are based on opinions and intuition, whereas qualitative forecasting methods use mathematical models and relevant historical data to generate forecasts. A.

3. Quantitative forecasting methods are based on opinions and intuition, whereas qualitative forecasting methods use mathematical models and relevant historical data to generate forecasts. A. True B. False 4. Manufacturing resource planning (MRP-II) describes the time-phased net requirements from warehouses & distribution centers customer demand minus any on hand in-transit inventories. A. True B. False 5. A reason for making items instead of buying them would include better quality control. A. True B. False

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