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

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:

  • Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
  • Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
  • Forecast future demand using a forecasting method.
  • Make decisions based on step 3.
  • 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.

Cite references to support your assignment.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

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

Related Questions

Read the article: Santa Rosa Junior College’s incoming president, Maria Angélica Garcia.pdfActions Read the article: Sonoma County students learn ethnic

Read the article: Santa Rosa Junior College’s incoming president, Maria Angélica Garcia.pdfActions Read the article: Sonoma County students learn ethnic studies.pdfActions Read the Chapter: The Inner Work of Racial Social Justice Ch16.pdf (start reading on page 10-11, then go back to the first page)Actions As you read in the first article, the new

Read the article: Santa Rosa Junior College’s incoming president, Maria Angélica Garcia.pdfActions Read the article: Sonoma County students learn ethnic

Read the article: Santa Rosa Junior College’s incoming president, Maria Angélica Garcia.pdfActions Read the article: Sonoma County students learn ethnic studies.pdfActions Read the Chapter: The Inner Work of Racial Social Justice Ch16.pdf (start reading on page 10-11, then go back to the first page)Actions As you read in the first article, the new

Module 2 – SLPConsumer Behavior, Production and CostsSLP Assignment Expectations Economic Impacts for Producers This week’s case focused on the consumer

Module 2 – SLPConsumer Behavior, Production and CostsSLP Assignment Expectations Economic Impacts for Producers This week’s case focused on the consumer side of economics. Producers must manage more constraints in their decision-making. Session Long Project 2 Resources Producer Price Index (PPI) (2024) Purchasing Power (2024) The Producer Price Index: What it is and why

Module 4 – CaseDuty EthicsAssignment Overview Business Controversies from a Duty Ethics Perspective  Duty or deontological ethics highlights the inherent

Module 4 – CaseDuty EthicsAssignment Overview Business Controversies from a Duty Ethics Perspective  Duty or deontological ethics highlights the inherent rightness of an action, independent of outcomes. It promotes consistent moral behavior. In a rapidly changing world, duty ethics is often referred to as a steadfast moral compass.  **Complete Case

1. Business In your final journal for this course, you will discuss entrepreneurship and organizational behavior.  First, describe the characteristics of

1. Business In your final journal for this course, you will discuss entrepreneurship and organizational behavior.  First, describe the characteristics of entrepreneurs and the entrepreneurial mindset.  Next, define organizational behavior in your own words. Identify how a manager’s entrepreneurial mindset and knowledge of organizational behavior can lead to an organization’s