Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Stable forecasts _____________ whereas responsive forecasts ________________. Group of answer choices are best for long-range decisions; are best for short-range decisions rely on human judgement
Stable forecasts _____________ whereas responsive forecasts ________________. Group of answer choices are best for long-range decisions; are best for short-range decisions rely on human judgement and opinions; require large, reliable data sets use high alpha values for exponential smoothing; use low alpha values are best in vague situations such as new products; can consider large amounts of data. better ignore temporary demand fluctuations; adapt more quickly to true changes in mean demand
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started