Answered: Think of an industry or company other…

Think of an industry or company other than automotive that relies heavily on forecasting accuracy. What are the implications to the chosen business of poor forecasting?

Contemporary Marketing

18th Edition

ISBN:9780357033777

Author:Louis E. Boone, David L. Kurtz

Publisher:Louis E. Boone, David L. Kurtz

Chapter14: Pricing Strategies

Section14.2: Forecasting Demand

Problem 1LO

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Question

Think of an industry or company other than automotive that relies heavily on forecasting accuracy. What are the implications to the chosen business of poor forecasting?

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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