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You are asked to provide sales forecasts of several products for a large biscuit manufacturing company....

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Operations Management

You are asked to provide sales forecasts of several products fora large biscuit manufacturing company. Define the steps to performan effective forecasting in the context of this company.

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The steps for effective forecasting are as follows 1 Identify the Problem The first step is to identify the problem regarding what has to be estimated and why You could simply ask how the market is reacting for your biscuit or how the companys sales would look like in a few months to conduct the forecasting You should have the knowledge about how the market works effectively who are your competitors and what is your customer base for the product    See Answer
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