ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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forecasting technique that is
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qualitative
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quantitave
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all above
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none above
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Explanation:
Detailed explanation-1: -Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time.
Detailed explanation-2: -There are two types of forecasting methods: qualitative and quantitative.
There is 1 question to complete.