Describe why forecasting is important.

.1 Describe why forecasting is important.
.2 Describe the four common methods of qualitative forecasting.
3 Calculate a moving average and exponential smoothing forecast, and explain when they should
be used.

.4 Evaluate forecast accuracy using a variety of methods.
.5 Carry out causal forecasting.
.6 Evaluate factors that impact forecasting method selection.
.7 Explain the benefits and costs of CPFR.
.8 Solve advanced forecasting problems