EBK OM
EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 9, Problem 5DQ
Summary Introduction

Interpretation:The ways by which good forecasting can improve the operations decisions are to be determined.

Concept Introduction:Good forecasting is the process of analyzing and understanding the current and the past information and understanding the future patterns through a scientific and systematic approach. This should be as accurate as possible so that the planning and the utilization of resources can be done in an economic manner.

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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