Explain a specific business that would depend on forecasting

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Reference no: EM133453876

TOPIC: This week we focus on advanced skills in Excel, such as forecasting and analytics. For your three paragraphs:

Questions:

(1) Explain a specific business that would depend on forecasting to be be successful (hint: not weather forecasting - and almost every business has some key aspect that depends on forecasting the future) and discuss what that company's business model (how it operates).

(2) Explain a specific example of what that business would need to forecast and what actual data would be needed for the management to make an effective decision now about the future.

(3) In your final paragraph, explain the consequences and outcomes if the management gets the forecast wrong

Reference no: EM133453876

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