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

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.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

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

Related Questions

Revise to discuss Target stores as a company Assessing Opportunities for Adding Value at Microsoft Rosiland Young University of Phoenix Dr. Louay

Revise to discuss Target stores as a company Assessing Opportunities for Adding Value at Microsoft Rosiland Young University of Phoenix Dr. Louay Chebib Management 576 Introduction Organization Overview Strengths and Weaknesses Assessment of External Environment Opportunities for Adding Value Economic Value Social Value Environmental Value Recommended Opportunity Agenda 2 Description

Section A Input Data

Section A Input Data EduCredit is the education loan division of a bank. It is considering a batch of applications for student loans repayable in one year. EduCredit charges each loan applicants an annual interest rate that depends on the band of their credit scores (A is the highest) Loan

Homework  Channels and Metrics Note:  At the start of your DQ post,

Homework  Channels and Metrics Note:  At the start of your DQ post, remind us of the company and product/service you have chosen for your marketing campaign. Choose one social media channel and one traditional channel that you plan to use in your marketing campaign. For each channel, answer the following

BUSI46S15 Competitive Strategies & Organisational Fitness

BUSI46S15 Competitive Strategies & Organisational Fitness Postgraduate Programmes 2023/24 SUMMATIVE ASSIGNMENT – BUSI46S15 Competitive Strategies and Organizational Fitness Select an organization, identify its competitive environment (that is, the population it is a member of) [5 marks] Analyse (qualitatively) the ecological and institutional conditions in the population. [10 marks] Provide a