Which of the following forecasting method is suitable for launching new products? a. Moving average methods. b. Judgemental methods. c. Exponential smoothing methods. d. Causal forecasting methods.

Types of forecasting methodologiesConsider the same scenario of a retailer given in the previous question.Which type of forecasting method is more suitable for the products comprising product line 2?QualitativeQuantitative

You are a supply chain analyst working on forecasting demand for the Do It All Gadget. You collect historical sales data for the Do It All Gadget and decide to apply a technique that assigns greater importance to recent sales while gradually diminishing the impact of older data points. Which quantitative forecasting method are you employing? Select the best answer.1 pointExponential SmoothingDelphi MethodLinear Regression

Types of forecasting methodologiesConsider a scenario of a retailer. The retailer has the following two lines of product:The first line of product (product line 1) comprises regular grocery items. The revenue from the first product line makes up 80% of the retailer’s overall revenue.The second line of product (product line 2) consists of special items such as branded mobile phones, laptops, cosmetic kits, television sets and bicycles. These special products are not always available in the retail store. The retailer ties up with international manufacturers of special items once in a week or two to bring these special products to stores at a heavily discounted price. The retailer always tries to surprise its customers by bringing in a different category of special products.Now, there are two teams working to forecast the customer demands for the two product lines. Team 1 works for product line 1, and team 2 works for product line 2. You have learnt about the two types of forecasting methodologies, i.e., quantitative and qualitative. Based on your learnings, answer the following question.Which type of forecasting method is more suitable for the products comprising product line 1?QualitativeQuantitative

recommendation to a company after forecasting sales through Holt's method, Moving Average and exponential smoothing.

Which of the following is a guideline that should be followed by an entrepreneur when forecasting sales for his or her new venture?Multiple choice question.The entrepreneur should ensure that the projected sales are the same for each month in a year in the pro forma income statement.The entrepreneur must use a quantitative technique, rather than a qualitative technique, for forecasting sales.The entrepreneur must ensure that a single sales estimate is used throughout all processes of forecasting the sales.The entrepreneur should research about other new ventures in the same industry to set reasonable expectations for early sales.