Business Studies, asked by mohdaarif532, 1 year ago

Explain the different type of forecasting in production planning and management

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Answered by Anonymous
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TYPES OF FORECASTING METHODS. Forecasting methods can be classified into two groups: qualitative and quantitative. Table 8-1 shows these two categories and their characteristics. Qualitative forecasting methods, often called judgmental methods, are methods in which the forecast is made subjectively by the forecaster.

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