Question: Demand forecasting can be with statistical (historical data dependent) or judgmental (human intelligence dependent). A challenge to all organizations is to determine which method to
Demand forecasting can be with statistical (historical data dependent) or judgmental (human intelligence dependent). A challenge to all organizations is to determine which method to use and to develop the most accurate forecast possible. For this discussion I want you to concentrate on judgmental forecasting. the initial post on what you believe are the risks with utilizing judgmental forecasting.
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