ECO 550 Week 3 Discussion: Managing in the Global Economy

ECO 550 Week 3 Discussion: Managing in the Global Economy

Please respond to the following:

*Answer the following discussions based on the Katrina’s Candies scenario:

From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario.

Now, assume you have acquired some time series data that would enable you to make short, medium, and long term forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast. Provide a rationale for your response.