Discussion $-$ Forecasting and Contracts $($Scenario$)$ in Practice Operations. Based on their observations in this scenario, and upon a careful review of the available literature, the student is to consider him or herself to be the Production Manager of Kibby and Strand, the company in the scenario. what quantitative methods the staff is to use in creating the production output forecast. You need to apply the concepts to the Kibby and Strand simulation. Be specific about how you could use forecasting in the simulation. Provide examples of the forecasting based on your K&S experience.

please explain the concepts and provide examples, specifically from the simulation.