All categories

3 years ago

What is a qualitative forecasting model, and when is its use appropriate?

1 answer:

4 0

Qualitative forecasting model is a subjective technique based on opinions, judgement, emotions and personal experiences of consumers, used to forecast future data as a past function. This method does not rely on any mathematical computations or calculations. It is mainly used when a situation is vague or little data exists about a new product or technology.

You might be interested in

Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b

Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0

3 years ago

Unlike manufacturers, ________ buy products from other businesses but do not significantly alter the form of the products they b

LenKa [72]

Answer: Resellers

Explanation:

Resellers buy products from other businesses but do not significantly alter the form of the products they buy before selling them.

A reseller is a type of channel partner that acts as an intermediary between companies that make, distribute or provide IT products or services and end customers, which may be businesses or consumers. A key reseller role has been order fulfillment: The customer goes to a reseller to simplify the ordering process and offload procurement and order processing tasks.

Working with a reseller can also streamline product sourcing. A business that needs to purchase multiple technology components can make those purchases through a single reseller versus approaching multiple manufacturers or service providers directly. Competitive pricing may also attract customers to resellers.

6 0

3 years ago

Read 2 more answers

Which of the following statements is MOST correct?A. Because the cost of debt is lower than the cost of equity, value-maximizing

Mama L [17]

Answer:

B. Corporations that are 100% equity financed will have a much lower weighted average cost of capital because the lack of debt lowers their risk of bankruptcy.

Explanation:

5 0

3 years ago

Your company operates in a perfectly competitive market. You have been told that advertising can help you increase sales in the

NARA [144]

Answer:

Advertisement doesn't exist in perfect competition markets. Perfect competition markets are theoretical only, since they do not exist in reality although some markets resemble or are similar, e.g. commodities. One of the characteristics of perfect competition markets is that every participant possesses perfect information regarding the products' characteristics and price. If everyone knows a product perfectly, then there is no reason why you should advertise it.

Explanation:

3 0

3 years ago

According to Garrett et al. (1975, 1988, 1989), language production proceeds through a series of processes: ______, ______, and

Blizzard [7]

Answer:

According to Garrett et al. (1975, 1988, 1989), language production proceeds through a series of processes: conceptualization , formulation , and articulation .

7 0

3 years ago