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Tactical forecasts are typically used to estimate demand for the next few weeks or months.

Tactical forecasting which aids in supply chain management supports the action of planning for inventory, scheduling production as well as the raw material purchase which will be among other functions. It generally refers to particular forecasts which are up to ahead of 12 months.

On the other hand, Traditional forecasting takes into account consisting univariate information that is extrapolating from the past but it cannot anticipate macroeconomic events including steep increases or declines in the economic activity of a nation which is a variant of tactical forecasting.

In general, this is countered by using a managerial expert type of judgment, which is as well known to suffer from various biases, which are too expensive and are not scalable. This paper actually evaluates multiple approaches to improve tactical sales forecasting which takes place by macroeconomic leading indicators.

Generally, for estimating demands for the next few weeks or months tactical forecasts are used.

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