Read chapter 1,2,3,6 and 7 from the main reference book Fundamentals of Demand Planning Forecasting (by Chaman L Jain) and answer the following questions Please be short, clear and succinct in your response How do forecasts highlight opportunities and threats To hit the strategic targets, do we align strategic goals with operational forecasts or operational forecasts with strategic goals, and why What is the Bullwhip Effect What kind of problem does it create in forecasting What is the best way to handle the Bullwhip Effect What is forecast horizon How should a company decide about it What are the key ingredients of a successful Consensus Forecasting Process

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Question: Read chapter 1,2,3,6 and 7 from the main reference book: Fundamentals of Demand Planning & Forecasting (by Chaman L. Jain) and answer the following questions.

Read chapter 1,2,3,6 and 7 from the main reference book: Fundamentals of Demand Planning & Forecasting (by Chaman L. Jain) and answer the following questions. Please be short, clear and succinct in your response.

How do forecasts highlight opportunities and threats?
To hit the strategic targets, do we align strategic goals with operational forecasts or operational forecasts with strategic goals, and why?
What is the Bullwhip Effect? What kind of problem does it create in forecasting? What is the best way to handle the Bullwhip Effect?
What is forecast horizon? How should a company decide about it?
What are the key ingredients of a successful Consensus Forecasting Process?

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