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Q. 1. Illustrate what is a qualitative forecasting model also when is its use appropriate?

2. Elucidate why forecasting devices such as moving averages, weighted moving averages also exponential smoothing are not well suited for data series that have trends.

3. Give examples of industries that are affected by seasonality. Why would these businesses want to filter out seasonality?

4. Give examples of industries in which Demand forecasting is dependent on the Demand for other products. Elucidate how does that affect their forecasting method?

5. Illustrate what are some of the obstacles also benefits to creating a flexible workforce? Illustrate what industries likely can take advantage of flexible workforce?

6. Illustrate what are some of the obstacles also benefits to subcontracting? Illustrate what industries likely can take advantage of subcontracting?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9311223

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