Inventory planning and control Question:

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Can you tell me what types of forecasting can you do?

Inventory planning and control Interview Question
Inventory planning and control Interview Question

Answer:

There are two types of forecasting qualitative and quantitative. Qualitative uses personal opinions to determine forecasts. Quantitative uses numerical data and statistical modeling to determine forecasts.

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Tell me when should you take a physical inventory?How would forecasting help in controlling inventory?