Our Services

Get 15% Discount on your First Order

Assignment Content This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations

May 5, 2024

Assignment Content

This assignment is intended to help you learn how to apply forecasting and demand models as part of a business operations plan.

Choose 2 quantitative elements that you would like to research in relation to the organization that you selected for your business plan. These elements may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest. However, at least one of these elements should be related to a product or service that your organization is planning to offer.

Develop forecasts by implementing the following approach using quantitative methods:

Collect data, including old demand forecast (subjective data) and the actual demand outcomes.

Establish the forecasting method

Forecast future demand using a forecasting method.

Make decisions based on step 3.

Look for trends and seasonality.

Measure the forecast error where applicable. Look for biases and improve the process.

Write a 350- to 525-word paper evaluating the findings from the supported data points above and explain the impact of these findings on operational decision making. Insert charts and supporting data from Excel and other tools in your paper.

Show your work.

>Business & Finance homework help

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Mind Gumption (Dumping) jump-starts the creative aspect of the entrepreneurial process. See attached instructions and worksheet. Answer all questions.

This assignment is intended to help you build a supply chain plan/diagram for a new business by analyzing factors that affect

This assignment is intended to help you build a supply chain plan/diagram for a new business by analyzing factors that affect sourcing, logistics, metrics, suppliers, and risk. Select a product for a company you are familiar with. Create a diagram of the supply chain plan for the product selected using

The Value of Products…See attached instructions. Questions must be addressed/answered. The Value and the Disrupter The

The Value of Products…See attached instructions. Questions must be addressed/answered. The Value and the Disrupter The products are your (each student’s) choice. A student selects a product (five in total), describes the price they would pay, the value associated with the product, and the difference between the two. I think

Digital marketing review of the Sparkling Water Industry. See attached instructions. Digital Marketing and Revenue Project

Digital marketing review of the Sparkling Water Industry. See attached instructions. Digital Marketing and Revenue Project You will explore eCommerce Marketing through a Google certificate program and explore revenue and sales models. · Consider the Sparkling Water Industry ( https://www.drinkwaterloo.com/, https://drinkspindrift.com/, https://www.deerparkwater.com/sparkling-water, https://www.bubly.com/mix/index.php, https://www.drinkaha.com/) · Review and analyze the Industry

Instruction is attached in doc below. Assignment 2: Choice architecture and nudges “A nudge is any aspect of choice

Instruction is attached in doc below. Assignment 2: Choice architecture and nudges “A nudge is any aspect of choice architecture that alters peoples’ behavior in a predictable way without forbidding any options or significantly changing their economic incentives.” Nudge, Thaler & Sunstein, 2008 For this assignment, think of a situation

a) List ALL reasons you will use to persuade the company’s managers to refuse Bitcoin in their transactions. In your report, describe at least six points

a) List ALL reasons you will use to persuade the company’s managers to refuse Bitcoin in their transactions. In your report, describe at least six points as the critical barriers or disadvantages of using Bitcoin( cryptocurrency) in current business transactions. b) What do you consider to be two key benefits associated

Every day we encounter the possibility of risks. Some we notice and others go unnoticed. Statistically speaking, the riskiest thing you do is get into

Every day we encounter the possibility of risks. Some we notice and others go unnoticed. Statistically speaking, the riskiest thing you do is get into your car and drive. Think about some of the daily risks you could potentially encounter in your projects (or just life in general)

Please review attachment Lesson 10 Assignment Worksheet Assignment Instructions For this assignment, you will be calculating the expected monetary

Please review attachment Lesson 10 Assignment Worksheet Assignment Instructions For this assignment, you will be calculating the expected monetary value (EMV) for each risk using the information in the following chart: Risk Register Risk # Activity # Probability Cost Impact EMV 1 AA 25% $8,000 2 BB 70% $3,800 3

Create a 10min Powerpoint presentation for the Business Consultancy Project with speech notes under each slide. This file is too large to

Create a 10min Powerpoint presentation for the Business Consultancy Project with speech notes under each slide. This file is too large to display.View in new window

For this week’s dialogue. Be sure to back up your answers/remarks with quotations from your text, other written sources, the Internet, and biblical

For this week’s dialogue. Be sure to back up your answers/remarks with quotations from your text, other written sources, the Internet, and biblical scripture. Prices exist because of scarcity, not everyone can have everything they want right now. During natural disasters or pandemics supplies of things can get very scarce.

Group Assignment #1 (15%) Project Definition Each team needs to submit only one set of documents using Turn-it-in application in .pdf format. Name the

Group Assignment #1 (15%) Project Definition Each team needs to submit only one set of documents using Turn-it-in application in .pdf format. Name the files in this format: Section # xx Group x. pdf Each team may include a covering table in the submission that clarifies who worked on which

Discussion 4.1 Love’s Last Breath Instructions: Respond to the two posts below. The due date is Monday, May 13.

Discussion 4.1 Love’s Last Breath Instructions: Respond to the two posts below. The due date is Monday, May 13. Melinda I would not even want to think of what it would be like to live without Jesus in this world. For me I think it

INSTRUCTIONS ATTACHED Overview: For this assignment, you will prepare a short essay (250 to 350 words) that compares

INSTRUCTIONS ATTACHED Overview: For this assignment, you will prepare a short essay (250 to 350 words) that compares approaches to setting product pricing. Please follow the instructions below and prepare your assignment, and be sure to follow APA guidelines. Refer to the APA Resources area in the “Student Resources” button

INSTRUCTIONS ATTACHED Overview: For this assignment, you will prepare a deliverable focused on tools for e-commerce promotion.

INSTRUCTIONS ATTACHED Overview: For this assignment, you will prepare a deliverable focused on tools for e-commerce promotion. You may choose one of the following format options for your deliverable: a written outline, an infographic, or a slide presentation. Please follow the instructions below and be sure to follow APA formatting

What are the global implications for the product or service you are marketing? What are the global implications of your marketing strategy and

What are the global implications for the product or service you are marketing? What are the global implications of your marketing strategy and recommendations? You should consider whether there are any global factors related to the marketing environment in which you operate, your targeting and segmentation strategy, and any

Problem Investigation Summary : Prior Knowledge, Information, and Resources: What teams have you been a part of? What were they like? · What

Problem Investigation Summary : Prior Knowledge, Information, and Resources: What teams have you been a part of? What were they like? · What does a global team require? · What do you know about virtuous leadership? · What challenges are associated with teams who do not know each other well?

Power Point Presentation Research Case 2-4 (p.463) Gwen Gullible was married to Darrell Devious. They were divorced two years a

Power Point Presentation Research Case 2-4 (p.463) Gwen Gullible was married to Darrell Devious. They were divorced two years ago. Three years ago (the year before their divorce), Darrell received a $500,000 retirement plan distribution, of which $100,000 was rolled over into an IRA. At the time, Gwen was aware

Alexis – Week 1 Disc. 1 Alexis Dea Greetings

Alexis – Week 1 Disc. 1 Alexis Dea Greetings Classmates, The three primary financial statements essential to corporate firms are the income statement, balance sheet, and cash flow statement. Each of these documents serves a distinct purpose in providing a comprehensive view of the company’s financial health and performance. The