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How would you propose forecasting initial demand

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Reference no: EM132831908

Question 1:

Describe the different forecasting methods and provide an example of when each is most applicable.

Word count 150

Question 2:

Word count 150

Imagine you work for a breakfast cereal company that makes prepared products that are served cold. Your company wants to introduce a new hot breakfast cereal that would require some minimal preparation by the consumer. How would you propose forecasting initial demand for this product? Identify one quantitative and one qualitative technique. How do the techniques complement each other?

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The paper introduces the different forecasting methods used by the companies that provide different strategies in order to maintain the growth and development in the market. It also describes the details of each forecasting method with the example about when each of the methods is applicable. It also revised the demand forecasting technique which is applicable for the breakfast cereal company and it gives the explanation of why this company chose the quantitative and qualitative methods. It discusses the overall method and the technique used in the analysis for the company to meet the demands accordingly.

Reference no: EM132831908

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