WK 2 - DQ 5 - MGT/498StrategicManagement UniversityofPhoenix

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MGT/498 – Strategic Management University of Phoenix Professor:  TUGTEKIN GOKAYDIN Katie Williams 12/10/2011 Week 2 – Assignments Discussion Question #5: What are the types of forecasting techniques and how are they used? Now from what I understand of Chapter 4, the useful forecasting techniques  described are  Extrapolation 2010, p. 124), states that extrapolation, is  “the extension of present trends into the  future. It rests on the assumption that the world is reasonable consistent and changes  slowly in the short run.” The next useful forecasting technique defined in the textbook is known as  Time-Series methods , “are approaches of this type; they attempt to carry a series of  historical events forward into the future”  Brainstorming  is also another technique mentioned. This as we know is an 
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WK 2 - DQ 5 - MGT/498StrategicManagement UniversityofPhoenix

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