Qualitative and quantitative forecasting techniques

1. Explain the differences between qualitative and quantitative forecasting techniques.

2. What is a time series?

3. Describe each of the components in a time series.

1. Can you think of any future business trends, not discussed in this chapter, that may influence the way forecasting is done in the future? Explain briefly.

2. Between these two extremes, what is the most likely scenario for the company’s operating environment

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