Considerations that are not a factor in deciding which forecasting model a firm should choose is Product. This is further explained below.
<h3>What is
a Product?</h3>
Generally, a product or substance is created with the intention of resale in mind.
In conclusion, Product is one of the considerations that should not be taken into account while selecting the appropriate forecasting model for a company.
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The best snap judgments come from people whose decisions are based on impulsive decisions.
<h3>What is a Snap Judgment?</h3>
This refers to the impulsive decisions that a person makes and sometimes they are also made when ample information is available to them.
Hence, we can see that when making a snap decision, it is important to make a quick overview of the information available, before making the decision.
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