Q1. In demand forecasting, why should a manager be suspicious if a forecaster claims to forecast historical
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Q1. In demand forecasting, why should a manager be suspicious if a forecaster claims to forecast historical demand without any forecast error? Give examples of products that show the seasonality of demand.
Q2. Explain how static and adaptive forecasting methods differ. What is the problem if a manager uses last year's sales data instead of last year's demand to forecast next year's demand?
Related Book For
Supply Chain Management Strategy Planning and Operation
ISBN: 978-0133800203
6th edition
Authors: Sunil Chopra, Peter Meindl
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