Question: Please do not use the answers already on here I am looking for something different and new - looking at a different perspective so I
Please do not use the answers already on here I am looking for something different and new - looking at a different perspective so I can learn from your assistance. Please include your reference so I can read additional information on your perspective. I look forward to a new and fresh answer that has not been used here, something created tonight. (please remember reference in regards to the best method for forecasting and demand) TYIA
Question:
Imagine you work for a breakfast cereal company that makes prepared products that are served cold. Your company wants to introduce a new hot breakfast cereal that would require some minimal preparation by the consumer. How would you propose forecasting initial demand for this product? Identify one quantitative and one qualitative technique. How do the techniques complement each other?
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