Write a paragraph in which you compare what you think are the advantages and disadvantages of subjective forecasting methods. How do you think the use of quantitative methods relates to these advantages and disadvantages?

Explain how forecasting relates to having an efficient supply chain.

In the chapter, you learned about many metrics that can be used to evaluate forecast accuracy. The MAPE was one of those that may be the most common in use. Explain what the MAPE tells a forecaster.