Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is a best practice when using salesperson input as information for improving forecasting? Group of answer choices Ask the salespeople to forecast from a

What is a best practice when using salesperson input as information for improving forecasting?
Group of answer choices
Ask the salespeople to forecast from a blank sheet of paper/computer screen first, then compare that forecast with the forecast generated by statisticians, and take the mean.
Use several waves of iteration between salespeople and planners until the two groups are within 1% agreement, in order to maximize accuracy.
Take salesperson input with a grain of salt; salespeople are probably hedging in order to lower their quotas.
First send an initial forecast to salespeople, and then ask them to make adjustments.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions