Question - Use the 4 qualitative forecasting methods. Allowing 1 page for each method provide the following:
1. Describe each method fully
2. Under what circumstances would it be appropriate to use the method?
3. Under what circumstances would it not be appropriate to use the method?
4. Provide an acceptable example of applying the method.
5. Could the forecasting method in your example be improved? How?
Make sure all sources are properly cited. And 10 References
This is the 4 qualitative forecasting methods.
- Executive Opinions
- Delphi Method
- Sales Force Polling
- Consumer Surveys
300 words for each method.