Which forecasting techniques do you think Ford should have used to forecast changes in the demand

Which forecasting techniques do you think Ford should have used to forecast changes in the demand, supply, and price of palladium? Time series models? Casual models? Qualitive models? What is your justification for your answer, please explain, thank you.

Not looking for a long answer, just a definitive enough one. Please help with a detailed response. Please, please help!
Anonymous User
Anonymous User
Asked Nov 17, 2011
Edited Nov 17, 2011
I'm sure this isn't the answer you're looking for. I would look at incoming orders by style and weight and compare them to long term oil futures. As oil futures increased, make smaller vehicles and as they decreased, larger ones. That's the direction demand will take and you are supplying the demand. As for price, I would start with a high price and offer the dealers a refund depending on how long the vehicle sat on the lot without being bought. That would share both the profit and the risk with the dealer for carrying a big inventory.

Rob
Answered Nov 17, 2011

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