Evaluate Forecasting methods, predictability factors, and causes of error in Forecasting

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Instructions

Image result for powerpoint presentation Week 3: Judgmental Forecasting

Course Objectives:

CO3: Evaluate Forecasting methods, predictability factors, and causes of error in Forecasting

Prompt:

This week you will be researching and writing on one of the most basic methods of forecasting: 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 perspectives on the broad methodology of forecasting future demand using experience, insight, and business savvy. You may also want to search the internet for any additional resources that add to the lesson material in chapter 3.

As the instructions advise in previous assignments, if you do add additional sources, do not use ads for-purchase advertisements for consultancies or statistical 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.

Evaluate Forecasting methods, predictability factors, and causes of error in Forecasting
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