Solution-Define the purpose of the forecast

Define the purpose of the forecast

Assignment Help Operation Research

Reference no: EM131294026 , Length:

Consider you need to conduct a business forecast.

Describe your forecast process according to the following steps:

- Define the purpose of the forecast o Establish a time horizon

- Select a forecasting technique o Gather and analyze relevant data

- Perform the forecasting process o Evaluate the results.

Please make sure to describe all steps in the context of your problem.

Your essay should have a minimum of 300 and a maximum of 800 words. You can make use of figures and/or charts as you see fit to help explaining your writing

Verified Expert

This is a 300 words assignment that talks about conducting a business forecast. Forecasting is basically a decision making process that uses historic data so as to determine the direction of the future trends. Various aspects and techniques involved in the forecasting process was highlighted and defined along with their significance. The work is written in Microsoft word with AA style of referencing and incited references.

Reference no: EM131294026

Questions Cloud

Determine the steady state irreversibility produced : Determine the steady state irreversibility produced during an 8.00 h period by a 100. W steady state engine heater whose surface is isothermal at 90.0°C.

Discuss significance of the selected design review process : Reserve one of the articles to discuss the significance of the selected design review process. Please make sure to provide a link to the article.

Determine the irreversibility produced : Determine the irreversibility produced when 3.00 lbm of carbon dioxide at 70.0°F and 30.0 psia are adiabatically mixed with 7.00 lbm of carbon dioxide at 100.°F and 15.0 psia.

Read the case studies and respond the below question : Read the case studies and Respond the below Question:complete the Assessment Process sections of the treatment plan for your course project. This treatment plan is based on the case study you selected for your course project. You can review the cas..

Define the purpose of the forecast : Define the purpose of the forecast o Establish a time horizon and select a forecasting technique o Gather and analyze relevant data

Determine the irreversibility produced : Determine the irreversibility produced as 10.0 kg of liquid water at 10.0°C is adiabatically mixed with 20.0 kg of liquid water at 80.0°C.

Calculate the amount of the child and dependent care credit : Calculate the amount of the child and dependent care credit allowed for 2015 in each of the following cases, assuming the taxpayers had no income other than the stated amounts.

Determine net change in availability of the engine per cycle : Determine the net change in availability of the engine per cycle of operation when the local temperature is 0.00°C.

Manufacturing company operating system of budgetary control : A manufacturing company operating a system of budgetary control finds that their production capacity during the year varies between 75 per cent and 90 per cent as against the budgeted capacity of 80 per cent for the year. It has been suggested that a..

User Account

All Pages

Define the purpose of the forecast

Reference no: EM131294026 , Length:

Reference no: EM131294026

Questions Cloud

Reviews

Write a Review

Operation Research Questions & Answers

Bioimetic vascular network design

Write a report on im operations governance

Analyse the role of different stakeholders in tourism

Evaluate business value

Case study:the british airways story

Prepare a research proposal

Create the feasible solution space

Calculate annual rate of return

Compute the company''s predetermined overhead rate

Determine the probability distribution

Give both a high-level algorithm and an implementation

Red brand canners

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT