The purpose of the forecast should be established first so that the level of detail, amount of resources, and accuracy level can be understood.
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Q5: The naive forecast can serve as a
Q6: Once accepted by managers, forecasts should be
Q7: When new products or services are introduced,
Q8: For new products in a strong growth
Q9: Organizations that are capable of responding quickly
Q11: The shorter the forecast period, the more
Q12: The naive forecast is limited in its
Q13: Forecasts based on an average tend to
Q14: Trend-adjusted exponential smoothing uses double smoothing to
Q15: Forecasts help managers both to plan the
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