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Chapter 3: Learning Objectives. You should be able to:List the elements of a good forecastOutline the steps in the forecasting processDescribe qualitative forecasting techniques and their advantages and disadvantagesCompare and contrast qualitative and quantitative approaches to forecastingBri
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1. Chapter 3 Forecasting
2. Chapter 3: Learning Objectives You should be able to: List the elements of a good forecast Outline the steps in the forecasting process Describe qualitative forecasting techniques and their advantages and disadvantages Compare and contrast qualitative and quantitative approaches to forecasting Briefly describe averaging techniques, trend and seasonal techniques, and regression analysis, and solve typical problems Describe three measures of forecast accuracy Describe two ways of evaluating and controlling forecasts Identify the major factors to consider when choosing a forecasting technique
