Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 4, Problem 4DQ
Summary Introduction

Interpretation:Describing the danger in the approach of quantitative forecasting besides with accurate forecasts as it focuses on previous data to project future conditions

Concept Introduction:Forecasting refers to future event anticipation process and forecast can be done by numerous methods depending upon past performance of the entity which is in similar operation. There by forecast is result of calculation made with available information of the operation.

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Forecasting 2: Forecasting Types & Qualitative methods; Author: Adapala Academy & IES GS for Exams;https://www.youtube.com/watch?v=npWni9K6Z_g;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License