Which one of the following statements is NOT true about the forecasting in the service sector?...
Which one of the following statements is NOT true about the forecasting in the service sector?
A.
Forecasting in the service sector presents some unusual challenges.
B.
Demand patterns are often different from those in non-service sectors.
C.
Detailed forecasts of demand are not needed.
D.
Hourly demand forecasts may be necessary.
Homework Answers
Answer- C
Forecasting refers to a process of predication about the future on
the past and present and the market trends. But the service sector
forecasting is different from that of product forecasting and
subjected to unusual challenges. It provides estimation about the
service that would be purchased in the future. An estimation of the
for establishing the balance between the demand and supply for
service, the detailed forecast of the demand is essential.
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