Briefly describe the two general forecasting approaches

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a. What is a qualitative forecasting model, and when is its use appropriate? Identify and briefly describe the two general forecasting approaches ? Identify the three forecasting time horizons. State an approximate duration for each.

b. Briefly describe the steps that are used to develop a forecasting system A skeptical manager asks what medium-range forecasts can be used for. Give the manager three possible uses/purposes.

Reference no: EM131257024

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