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Supply Chain Management

Category - Demand

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Forecasting methods are classified into which of the following types?

Qualitative, discreet, variable, and continuous.
Time series and prime degree.
Psychological and societal.
Qualitative, time series, causal, and simulation.

Explanation

Answer: D - Forecasting methods are classified into four types: qualitative, time series, causal and simulation. A supply chain firm must use multiple forecasting to ensure effective results rather than using individual methods.

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