Question: Patsy Ltd. produces ice-cream and would like to accurately forecast sales so that it can meet the demands of customers. In order to plan properly,

Patsy Ltd. produces ice-cream and would like to accurately forecast sales so that it can meet the demands of customers. In order to plan properly, the Operations Manager would like to forecast sales for the next 4 months and would need your assistance.

i. Identify the quantitative techniques covered in this course. Choose any two techniques, describe them and use them to demonstrate how you will forecast sales for the next 4 months. [15 marks] ii. Show how you will measure the accuracy of the quantitative forecast used. [10 marks]

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