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you will be researching and writing on one of the most basic forecasting methods: Judgmental Forecasting. After reading Chapter 3 in Chase (Overview of Forecasting Methods), access the three excellent
you will be researching and writing on one of the most basic forecasting methods: Judgmental Forecasting. After reading Chapter 3 in Chase (Overview of Forecasting Methods), access the three excellent resources on Judgmental Forecasting hyperlinked below. Use all three, for they each provide a different perspective on the broad methodology of forecasting future demand using experience, insight, and business savvy. You may also want to search the internet for additional resources that add to the lesson material in Chapter 3. As the instructions advise in previous assignments, if you add additional sources, do not use advertisements, including consultancies and software. Use the template attached to this assignment for your submission. The template includes sections to guide you this week on your essay assignment to explain the methodology of Judgmental Forecasting.
Judgmental Forecasting Resources:
- https://otexts.com/fpp2/judgmental.html (1 page)
- A Comparison of Judgmental Forecasting Techniques (9 pages)(attached in files)
- https://otexts.com/fpp2/delphimethod.html(1 page)
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