Question

Difference between active and passive forecasting of demand

Answer 1

Passive forecasting – forecast prediction about future is based on the assumption that the firm does not change the course of its action. 2. Active forecasting – prediction is done under the condition of likely future changes in the actions by the firms. ... External forecasting – deals with trends in general business.

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Answer 2

1.passive forecaasting - forecast prediction about future is based on the assumption that the firm does not change the course of its action .

2.Active forecasting- forecasting prediction is done under the condition of likely future changes in the action by the firm.