Quelpr
8 marksForecasting Techniques

CAPE Management of Business Unit 2 · 2006 · Paper 2 · Question 1(b)

Explain TWO strengths and TWO weaknesses of customer surveys compared to least squares regression as methods of forecasting.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 1(a)Identify the FOUR MAIN steps involved in customer surveys and explain how they can be used to establish a forecasting system for the business.[12 marks]
  2. 1(c)Recommend and justify a forecasting method to Mr. Knowles.[5 marks]

More practice: the rest of this paper · more Forecasting Techniques questions · all CAPE Management of Business Unit 2 past papers