ECO Week 3:Managing in the Global Economy and Outsourcing Offshore

Please thoroughly review the attached document outlining the Katrina’s Candies case study. Answer the following questions based on the attached slides. **Please number each answer**

1. From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario.

2. Now, assume you have acquired some time series data that would enable you to make forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast.

3. When deciding whether or not to outsource offshore, list the key factors aside from maximizing profits that managers should consider. Determine the key factors that you believe to be the most influential.

ECO Week 3:Managing in the Global Economy and Outsourcing Offshore

Please thoroughly review the attached document outlining the Katrina’s Candies case study. Answer the following questions based on the attached slides. **Please number each answer**

1. From the scenario for Katrina’s Candies, assuming the absence of quantitative data, determine the qualitative forecasting techniques that could be used within this scenario.

2. Now, assume you have acquired some time series data that would enable you to make forecasts. Ascertain the quantitative technique that will provide you with the most accurate forecast.

3. When deciding whether or not to outsource offshore, list the key factors aside from maximizing profits that managers should consider. Determine the key factors that you believe to be the most influential.