Since a primary goal of operations management is to match supply to demand,forecasts become a basic input to the decision process because they provide information on past demand.
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Q1: Generally the responsibility for preparing demand forecasts
Q3: Forecasting techniques that are based on time-series
Q4: The purpose of the forecast should be
Q6: The primary difference between irregular and random
Q6: Forecasts are rarely perfect.
Q9: Forecasts for groups of items tend to
Q10: As a forecasting technique,the Delphi technique is
Q11: One weakness of the Delphi method is
Q17: Time series techniques involve identification of explanatory
Q17: The naive approach to forecasting requires a
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