Question: a) Which type of forecasting approach, qualitative or quantitative, is better? Discuss, explain and justify your affirmation. b) Discuss how you would manage a poor

 a) Which type of forecasting approach, qualitative or quantitative, is better?
Discuss, explain and justify your affirmation. b) Discuss how you would manage

a) Which type of forecasting approach, qualitative or quantitative, is better? Discuss, explain and justify your affirmation. b) Discuss how you would manage a poor forecast. Weekly sales of the Weber food processor for the past 10 weeks have been as follows: Week Sales Week 980 Sales 990 1030 1040 1120 1260 9 1050 960 1240 1 100 10 , a. Determine, on the basis of minimizing the mean square error, whether a three-or four-period simple moving average model gives a better forecast for this problem. b. For each model, forecast sales for Week 11. TT T Arial - 3(12pt) - T--JE

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