Describe what forecasting model is most appreciate

Assignment Help Business Management

Reference no: EM133735912

Question

We learned about forecasting, various methods to approach forecasting and its use as a tool in management decisions.

Reflecting back to the lecture and your readings, answer the following prompts:

- Explain if forecasting is/is not an approach that is nearing an exact science.

- Describe what forecasting model is most appreciate and how you can see using it in your workplace.

- Is the quantitative or qualitative approach, or both, are most precise? Explain why.

Reference no: EM133735912

Questions Cloud

Successful chain of taco restaurants : You (Tio) own a successful chain of taco restaurants, and you are considering opening a new location in Worcester, MA.

What are some of strengths and weaknesses of met technique : What are the advantages and disadvantages of this design? What are some of the strengths and weaknesses of the MET technique?

Describe each metric for the revenue cycle process : Describe each metric for the revenue cycle process while describing which metric is more important. Support your conclusion with scholarly citations.

Review the research literature on stem education apps : Review the research literature on STEM education and a range of recent (past 5 years) STEM education Apps

Describe what forecasting model is most appreciate : Describe what forecasting model is most appreciate and how you can see using it in your workplace.

Summarize the trend in simple cash flow for past three years : Summarize the trend in simple cash flow for the past 3 years. Compare simple cash flow to net operating cash flow from statement of cash flows for past 3 years.

Situational attribution : Marla, is 25 minutes late. Which of the following would be a situational attribution? You assume Marla is late because she is young and immature.

Draw me a simple sketch of the horizon : Draw me a simple sketch of the horizon. On a piece of paper, the horizon is NOT circular. It is a straight line.

Box-and-whisker plot to represent number of minutes : A manager drew this box-and-whisker plot to represent the number of minutes each of his 27 employees took on their break.

User Account

All Pages