Critical Thinking: Forecasting
Read through the Case Study entitled Highline Financial Services, Ltd. in Chapter 3 (page 135) of your textbook. Examine the historical trends this company has experienced for the three products (A, B, C) discussed over the 2 years shown.
Address the following requirements:
Q1: Prepare demand forecasts for the next four quarters for all three products, describe the forecasting method you chose and explain why that forecasting method is best suited to the scenario.
Q2: Explain why you did, or did not, choose the same forecasting method for each product.
Q3: What are the benefits of using a formalized approach to forecasting these products?
Structure:
– Introduction about: Operations Management and Forecasting
– Talk about the Forecasting methods
– Body (to discuss and answer the above Question: Q1, Q2, and Q3)
– Conclusion
– References
Directions:
– This assignment is related to Chapter #3: in the book (here is the link)
– The essay should be 4 or 5 pages in length, which does not include the title page and reference pages.
– Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles.
– Follow APA style guidelines.
– Plagiarism should be less than 25%.
– Deadline: 30 September 2020