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In a Short Essay, List and Discuss the Two Categories

question 5

Essay

In a short essay, list and discuss the two categories into which forecasting techniques fall.Next list and describe three of the best-known quantitative and three of the best-known qualitative forecasting techniques.Include a discussion of how each of the listed techniques can be applied to business problems.


Definitions:

Personnel

Employees or staff members of an organization.

Work Plan

A detailed outline of the tasks, strategies, and timelines intended to achieve specific objectives or goals.

RFP

RFP stands for Request for Proposal, which is a document issued by a business or organization inviting suppliers to submit a proposal for a specific product or service.

Formal Obligation

A duty or commitment that is specified or required by law, regulation, or agreement.

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