Quality Pumps Company Forecast Process

PLEASE CHOOSE ONE ANSWER AND CLARIFY THE CHOICE A quantitative forecasting class assumes that sales (or other items to be forecast) follow a repetitive pattern over time. When a retailer uses daily sales of each product to identify patterns and to forecast inventory requirements, this is an example of: A::a deterministic model B::a causal model C::a time series forecasting technique D::a qualitative model       “A” items are high-dollar value items which represent a small portion (usually 10-20 percent) of requisitions, purchase orders, and inventory items, but a large portion of annual spend (usually 70-80 percent). “A” items in ABC analysis are: A::reviewed infrequently B::normally carried in large quantities C::stored in a relatively insecure warehouse D::particularly critical in financial terms       Decoupling inventories are carried __________________________________. The amounts and locations of raw material, work-in-process, and finished goods decoupling inventories depend on…

A reputable FMCG company is holding its Annual Sales Conference on January 30th 2021 for its New Year sales plan. The company is interested in launching new product beside its existing product lines. The new product will be novel in the history of the company.  1. Discuss the techniques of forecasting that will be used by the company for its existing and new products.2. Explain specific type and reason for using those techniques. Also identify the limitations of these techniques.   Answer should be explaining about new product of FMCG company in details (do not expalin genral it should be specific)

A reputable FMCG company is holding its Annual Sales Conference on January 30th 2021 for its New Year sales plan. The company is interested in launching new product beside its existing product lines. The new product will be novel in the history of the company.  1. Discuss the techniques of forecasting that will be used by the company for its existing and new products.2. Explain specific type and reason for using those techniques. Also identify the limitations of these techniques.

Which type of analytics is used to know the effect of product price on sales. OA) predictive OB) forecast C) prescriptive D) descriptive

Explain the trade-off between responsiveness and stability in a forecasting system that uses time-series data. Who needs to be involved in preparing forecasts? 3. How has technology had an impact on forecasting? What capability would an organization have to have to not need forecasts? Give three examples of unethical conduct involving forecasting and the ethical principle each violates

Tools Add-ons Help Accessibllity Last al text Calibri 11 BIUA = ニ三▼三 + 1 2 3 TI 4 I 5. 6. Using your own words, describe the drawbacks of the moving average forecasting model and the drawbacks of the nalve forecasting model. Provide an example to contrast these two methods. acer

Do not use chatgpt. Answer in step by step with explanation.

Please answer it ASAP. With only short explanation. Please answer fast i will really upvote.

State whether the following statements are true or false. If the statement is false, write the correct answer:   Forecasting is a prediction rather than a reality to mislead an organization into implementing the proper decisions. Answer:   Short range forecast generally is used for decision making in a period of about three months, and the decision taken are related to job scheduling, assignments and production levels. Answer:   Associate forecasting considers several dependent and independent variables to build a model and then forecast an item of interest. Answer: . please make sure the answer is correct 100%

Demand forecasting helps a company to respond quickly to market changesgiving the firm a competitive advantage. The process of forecasting establishesthe link between planning and control for the company, and facilitates theeffective output of the firm’s goods and services. A common quantitativemethod of forecasting is time series. Explain what is involved in time seriesanalysis and its significance to demand forecasting.

How do you evaluate a forecasting model please use a hypothetical example?Why would you use mean absolute deviation as opposed to the mean average?3. Describe a specific scenario of how you would use a pro forma financial statement?4. List and describe three time series models, and explain when would you use it? (be specific)