Compare and contrast at least three of the methods used to determine demand.© BrainMass Inc. brainmass.com March 4, 2021, 6:51 pm ad1c9bdddf
Forecasting can be classified into four basic types: qualitative, time series analysis, causal relationships, and simulation. Qualitative, or judgment methods, utilize opinions to develop forecasts and are generally used when historical data isn't available. Generally speaking, they are low cost and have a rapid ...
This job explains three of the methods used to determine demand.