Question: This week we learned about forecasting, various methods to approach forecasting and its use as a tool in management decisions. Reflecting back to the

This week we learned about forecasting, various methods to approach forecasting and its use as a tool in management decisions. Reflecting back to the lecture and your readings, answer the following prompts: Explain in your own words if you feel that forecasting is/is not an approach that is nearing an exact science. Describe what forecasting model did you most appreciate and how you can see using it in your workplace. - De you think that the quantitative or qualitative approach, or both, are most precise? Explain why.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
