Forecasting project and written assignment objectives

Forecasting project and written assignment objectives -...

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Unformatted text preview: On-Line and Written Forecasting Assignment Objectives • Learn how to use demand data to o o Make forecasts using a variety of methods Determine which forecasting method is the best for a particular data set • Understand non-mathematical behaviors can be used to affect the forecast, implementation of demand fulfillment, and forecast time horizons o o delayed differentiation, postponement, • Learn how to identify the characteristics/behaviors of time series data o Trend, seasonality, cycle, random variation and irregular variation • Understand how inaccurate forecasts can affect the bottom line of an organization ...
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