Questions and Topics We Can Help You To Answer:
Part 1: From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Define each method. Why did you choose this one?
Part 2: Management may choose to build up capacity in anticipation of demand or in response to developing demand. Cite the advantages and disadvantages of both approaches. Give an example of both approaches.