Forecasting and Decision Making

For this discussion, respond to the following questions:

  • What are the advantages of having computer-based forecasting packages handle forecasting?
  • What are the differences between using linear regression to develop a time series forecasting model and a causal forecasting model?
  • Are highly experienced managers able to forecast equally or better than computers using heuristics?
  • Given your response to the previous question, what are the implications for the role of managers and computers in forecasting?
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