Question

rekha garments has recived an order to export 2000mens trousers to swifts imports ltd. located in australia. discuss the procedure that rekha garments would need to go through for executing the export order

Answer 1

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.