Significance of having high limits of legal liability

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1. What variables do we need to consider when selecting a forecasting technique? For example if we want to predict condo sales nex year, and that is almost impossible which variables would you take in consideration. with a APA References

2. Describe the contractual significance of having high limits of legal liability coverage in the HO contract. Provide at least two examples which illustrate the benefits of having high limits.

3. The TransCanada Lumber Company and Mill processes 10,000 logs annually, operating 250 days per year. Immediately upon receiving an order, the logging company’s supplier begins delivery to the lumber mill at the rate of 60 logs per day. The lumber mill has determined that the ordering cost is $1600 per order, and the cost of carrying logs in inventory before they are processed is $15 per log on an annual basis.

The total inventory cost associated with the optimal order quantity?

Reference no: EM132236197

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