Unformatted text preview: does not account for changes in growth rates intermittently and hence unreliable. The near term explicit forecasts deal with growth rates incrementally and hence are more reliable. 3. What differing factors must enter into generating a forecast for a chemical product firm such as Dow Chemical versus a retailing firm such as Wal-Mart? Dow Chemicals Is a raw material firm and hence the cost structure and forecast are independent measures of availability of chemicals which is a raw material in itself and hence forecasts are raw material based. a store like Wall-mart which is a retail store uses forecasts of finished goods and relies very heavily on manufacture of finished goods which are again subject to availability o basic raw material. Hence there are 2 steps in forecast for a retail store while it is just one step of forecast in a chemical store....
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This note was uploaded on 02/21/2012 for the course ACT 492 taught by Professor Ngo during the Fall '11 term at Colorado.
- Fall '11