Describe the following forecasting approaches: Qualitative Methods Executive opinion Delphi Sales force estimates Consumer surveys Quantitative Methods Time series (naïve method, moving averages, exponential smoothing, trend projection) Associative models (linear regression)

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 6P: Do the sales prices of houses in a given community vary systematically with their sizes (as measured...
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Describe the following forecasting approaches:

Qualitative Methods

  • Executive opinion
  • Delphi
  • Sales force estimates
  • Consumer surveys

Quantitative Methods

  • Time series (naïve method, moving averages, exponential smoothing, trend projection)
  • Associative models (linear regression)
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