Question: What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have? What are some of the

  1. What are the main advantages that quantitative techniques for forecasting have over qualitative techniques? What limitations do quantitative techniques have?
  2. What are some of the consequences of poor forecasts? Explain.
  3. Why it is important to understand your cost of production to manage risk and maximize profit?
  4. What is the importance of Capital budgeting in decision making?

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