What is the appropriate type of forecasting method to use in the following scenario? Explain why you chose this method. IBM is to ascertain the cost of a stock-out of a critical tape drive component. They do so by a sample survey of managers at various national spare parts centers. The surveys are sent back to the managers for reassessment, and the process is repeated until a consensus is reached.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 29P: The file P13_29.xlsx contains monthly time series data for total U.S. retail sales of building...
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What is the appropriate type of forecasting method to use in the following scenario? Explain why you chose this method.

IBM is to ascertain the cost of a stock-out of a critical tape drive component. They do so by a sample survey of managers at various national spare parts centers. The surveys are sent back to the managers for reassessment, and the process is repeated until a consensus is reached.

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