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Activity 2.1:
Among the given below scenarios, what is best suitable method or combination of
methods for qualitative forecasting decisions? Give justification remarks with examples.
This method would be the most suitable for the case of VRL because it will help establish
the geographical areas in which consumers are actually concentrated and the it will help
the company in extension of their services that they require in these areas.
Delphi Technique
The Delphi technique would be most apt for this problem as a panel of experts can help
HUL about the future risks and opportunities for the new product development.
The best method for the company is Sales Force Composite because the company wants
an aggressive push strategy.
d. GENIUS SOFT – an app development company looking for reduction in lead time
of new app development.
Nominal Group Discussions
The best solution for problem is Nominal Group discussion because the problem is a
technical problem it requires a technical solution and a group discussion will help the
company decide what their next step should be.
Activity 2.2:
a. From the given below table, shares the data from 2016 to 2018, no. of cars sold in a
dealer of Maruti Suzuki Showroom. Identify the requirement for the following
‘January’.
Activity 2.3:
a. From the given below table, identify 5 examples each with detailed specification.