Under the _____ approach,a central person or persons take the responsibility for forecasting and preparing an overall forecast,perhaps using aggregate economic data,current sales trends,or other methods we describe shortly.

Question

Quizplus · Accepted Answer

The top-down approach involves a central person or group taking the responsibility for preparing an overall forecast using aggregate economic data or current sales trends. Other approaches like horizontal or lateral do not involve a centralized forecasting process. Bottom-up approach involves forecasting at a detailed level and aggregating the forecasts to arrive at an overall forecast, which is not the case in the top-down approach.

Under the _____ Approach,a Central Person or Persons Take the Responsibility