Week 3 Discussion Managing in the Global Economy Pleaserespond to the following: * From the scenario assuming theabsence of quantitative data determine the qualitative techniquesthat could be used within this scenario. Now assume you haveacquired some time series data that would enable you to make shortmedium and long term forecasts. Ascertain the quantitativetechnique that will provide you with the most accurate forecast.Provide a rationale for your responses. Aside from maximizingprofits develop guidelines that list the key factors that managersshould consider when deciding whether or not to outsource orintegrate forwards or backwards. Determine the key factors that youbelieve to be the most influential. Provide a rationale for yourresponse.