Reference to the time series method

Assignment Help Supply Chain Management

Reference no: EM131686362

Give brief answers for the followings questions:

i. The Time Series Method, which are used for forecasts in supply chains, is based on the assumption that:

a. Demand is strongly related to particular environmental factors.

b. Historical patterns of demand are a good indicator of future demand.

c. What will happen if a competitor opens a new store nearby?

Explain the above mentioned statements with reference to the Time Series Method

Reference no: EM131686362

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