Iscussion Question 1 Week 3 Managing in the Global Economy”
Please respond to the following:
a? *Answer the following discussions based on the Katrinaas Candies scenario:
1. From the scenario for Katrinaas Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario.
2. Now, assume you have acquired some time series data that would enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast. Provide a rationale for your responses.