Examlex
_________ capital includes creativity and problem-solving ability.
Qualitative Forecasting Methods
Forecasting techniques based on judgment and opinion, rather than mathematical models, often used when precise data is unavailable.
Causal Forecasting Methods
Techniques that predict future events based on identified relationships between dependent and independent variables, taking into account factors that cause variations in data.
Simulation Forecasting Methods
Techniques that use models to predict future outcomes based on varying inputs and scenarios, helping in decision-making processes.
Collaborative Forecast
A forecast made using input from multiple stakeholders, such as suppliers, customers, and partners, to improve accuracy and planning.
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