Shared Flashcard Set

Details

Title

Qualitative Models

Description

1/3 Forecasting Techniques

Total Cards

Subject

Management

Level

Undergraduate 2

Created

03/17/2014

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Additional Management Flashcards

Term

Sales Force Composite

Definition

regional salespeople look at their forecasts together

Term

Consumer Market Survey

Definition

future purchase plans are solicited from customers

Term

Delphi Method

Definition

judgmental forecasting technique that uses decision makers, staff personnel, and respondents to determine a forecast

Term

Jury of Executive Opinion

Definition

begins with opinions of small group, high-level managers combined with stat models