Question: Description about the assignment First describe qualitative forecasting techniques (at least 05) used to generate forecasts in the business environment. You need to discuss the
Description about the assignment
First describe qualitative forecasting techniques (at least 05) used to generate forecasts in the business environment. You need to discuss the inputs, process, and users separately.
Then discuss business situations where the identified qualitative forecasting techniques might be used to generate forecasts separately.
Finally analyses the appropriateness of each techniques in the modern business environment. In here you can discuss advantages and disadvantages by using appropriate examples. Also you can mention any difficulties and pitfalls associated with the techniques.
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