Briefly answer the questions. 1. Explain why demand forecasting…

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Question Answered step-by-step Briefly answer the questions. 1. Explain why demand forecasting… Briefly answer the questions. 1. Explain why demand forecasting should be an “extrapolation”, not “interpolation” . 2. Note that the revenue is not the same as demand. Usually, the amount of revenue in general is smaller than that of real demand. Explain why.3. In the time-series regression analysis, there are three cases in practice, where lagged variables must be incorporated. Please explain them. Engineering & Technology Industrial Engineering Operations Management BUSS 377 Share QuestionEmailCopy link Comments (0)