Organizations are constantly coming up against unusual and novel situations in an ever-changing marketplace. Forecasting Methods are
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Question:
Organizations are constantly coming up against unusual and novel situations in an ever-changing marketplace. Forecasting Methods are one of the most important approaches for operation management. However, Forecasting and forecasting demand is an easy task; the forecasting techniques mainly differ from one another. Answer the following
- Agree/disagree with this viewpoint? Why ( 2.5 points)
- How can the operations manager deal with the criticism of forecasting theory? (2.5 points)
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