Determine the strategy, model and/or type, method, or technique to forecast the following scenario. You are the
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Question:
Determine the strategy, model and/or type, method, or technique to forecast the following scenario.
You are the VP of operations for Collars-To-Go. Your product is cat collars of all types for all types of cats. The marketing director suggests a new product for your company. The marketing director thinks there is a market for hamster collars. You need a forecast before deciding if this would be a good product to produce or if the marketing director has lost his mind.
What would be the forecasting strategy, the model and/or type, method or technique or does the marketing director need professional mental help?
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