Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
The purpose of this assignment is for students to learn how to apply Operations Forecasting.
Purpose of Assignment
The purpose of this assignment is for students to learn how to apply Operations Forecasting.
Assignment Steps
Resources: Microsoft® Excel®
Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library.
Develop a minimum of three quantitative forecasts using Microsoft® Excel®.
- Compare and contrast each quantitative forecast you develop.
- Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this.
- Evaluate the impact this forecast would have on the firm from a financial metrics standpoint.
Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps.
Format your assignment consistent with APA guidelines.
- @
- 165 orders completed
- ANSWER
-
Tutor has posted answer for $45.00. See answer's preview
******************************************* ******************** **************** refers ** *** process of ********** the future ***** ******* *** **** **** *** ******* ***** *********** ********* the ******** future ****** *** ***** ******* *** the entity Forecasting ******** ************** ********** **** ****** key ********* ********** *** ************ since ** ***** *** ***** ** postulating There *** various ************ *********** ******* ***** include; ****** ******* *********** ********* *** *** ***** ***** methods are ********* ********* ******* ****** ****** *********** ****** ***** ** ****** away *** ****** ******* **** *** exist ** periodical ****** ********* Albright ***** ********** **** *** ******* monthly sales *** contain ****** ******* every ***** ********** of ****** a general ***** ****** ******* refers ** the ******** of a ********** ****** **** ************ *** **** ** past ********* ******* ** ****** average is ******** in the ***** *********** ****** ******* method has *** ********* ********* ***** *** ********* ****** is enhanced ** the ****** ** periods in *** ****** ******* A ******* *** ****** ** ******* ** *** moving ******* results ** * greater ********* ****** ******** ********* ****** averages **** ** different forecasts If **** ** **** random **** ************* trend ***** ****** **** ******* ****** ** involved ** *** moving *************** ****** ******* ****** has *** ********* limitations; the ******** does *** *** available data ***** ***** ********** **** ******* *** ****** of the average ******** *********** **** ********** ****** average *** ** incorrect ***** there ** ** ********** seasonal ********* Thirdly uniform ******** ******* considering *** most ****** **** may ** more ********* Exponential ******************** ********* is ****** * ******** ****** ******* This ****** necessitates ******** of **** **** ************* **** ******* **** ******* ************* **** ********** ***** *** ********* applies *** ********* formula;New ********* *** ******** + ** ******* *********** *** *** forecast)The ***** ** **** ******* zero and *** * ******* ***** ** ** indicated that *** ******** ** ********* ** *** current ******** ******* of *********** smoothing is ******** in the ***** ******************* ********* has *** ********* **************** *** **** ****** data ******* the ******** weight ****** *** ****** ******* *** **** **** *** included *** ****** ******** little data ** ** ****** unlike ** *** ******** ****** *********** main difference between *** ****** ******* ****** *** *********** ********* ********* ** *** sensitivity each *** ******** alterations in the data **** in its calculations *** *********** smoothing ********* ****** * ******* ****** ** *** most ****** sales ** compared to the ****** ******* method ******* *** ****** ******* criteria allot *** **** ********* ** *** values Exponential smoothing ****** gives more weighting on *** recent **** ** ******** to ***** **** *** is **** ********* to the ****** ******* ** ****** This ***** to **** timely ******* as ******** to the ******* ** the moving ******* ****** ********* *********** *** ************* prefer ** use exponential smoothing method ** ****************** *** two ******* **** some ************ Both ** them *** applied by ********* ******** ****** to ****** *** ************ ** ****** in *** ****** Also the *** ******* *** *********** ** the **** *** Technical ******** **** ** ** ****** towards ************** ** the ****** ******* ****** They ****** *** added *** o ****** ** *** number of ****** present ** *** ****** *** ******* * ************ ****** average is ******** ** ******* ** *** ***** *********** ****** *** **** ******** *** result by ****** **** ****** analysis- trendThe ******* ********** by *** of the ***** ******* methodAn ******* ** thetrendis ******** in *** ***** workbookIn conclusion ** *** three ******* discussed ******** ** *** **** ******** *** **** forecasting ***** ******** ** ***** on **** ***** *** be ******** *** *** ** thoroughly scrutinized and ********* * ***** ******** *** ** ******* ** ********* **** ********* ******* **** **** ******* *** ********** *** **** ** **** ****** ** **** ***** ********* ********** *** ***************************************** * (2009) ******** *********** ************ ******** ****** Hoboken: **** Wiley & SonsRob ******* * * (2008) *********** **** *********** Smoothing: *** ***** Space ******** *** ***** Springer ******* & ******** ****** ********* ******** * * ****** **** Analysis *** Decision Making ******* Cengage ********