What do you understand by forecast control? What could be the various methods to ensure that the forecasting system is appropriate
What do you understand by the term correlation? Explain how the study of correlation helps in forecasting demand of a product
Explain the terms ‘Population’ and ‘sample’. Explain why it is sometimes necessary and often desirable to collect information about the population by conducting a sample survey instead of complete enumeration
How would you conduct an opinion poll to determine student reading habits and preferences towards daily newspapers and weekly magazines