Supply Chain Discussion Post: Forecasting is the basis of planning and control. As shown in Exhibit 3.3, there are many different types of forecasting models. Examine each forecasting model, explain the benefits and risks of each model, and link each model to long, intermediate, and short-term planning. According to Exhibit 3.3, there are 5 types of forecasting models.
1) Simple Moving Average.
2) Weighted Moving Average and Simple Exponential Smoothing.
3) Exponential Smoothing with Trend.
4) Linear Regression.
5) Trends and Seasonal Models.
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