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1. What is the difference between forecasting with the push and pull processes in a supply chain.
2. When is the forecasting method considered more effective when compared with goods that are available to be offered to consumers?
3. Explain with supply chain theory why the short-term forecasting method is more recommended than the long-term forecast method?
4. Explain the four types of qualitative forecasting methods that you know.
5. If you were asked to predict the mask request for the COVID-19 pandemic needs qualitatively what method you would choose. Give an explanation.
6. Explain why collaborating in building forecasts (forecasting) by providing accurate data can be more effective and profitable for the company.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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