Question: Match the forecasting technique with its description. Instructions Simulation Uses past data to predict future demand. Uses subjective or judgmental approach. Allows the forecaster to
Match the forecasting technique with its description.
Instructions
Simulation
Uses past data to predict future demand.
Uses subjective or judgmental approach.
Allows the forecaster to run through a range of assumptions.
Assumes that demand is related to some underlying factor in the environment.
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