Operations and Supply Chain Management
Operations and Supply Chain Management
14th Edition
ISBN: 9780078024023
Author: F. Robert Jacobs
Publisher: MCG
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Chapter 18, Problem 10DQ
Summary Introduction

To explain: The way the internet has affected the way firms forecast in support of their supply chain planning process.

Forecasting:

It is the process of using the present and past data to estimate future demand. The future demand is calculated by identifying the trend in the data.

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