12 Sep Week 5 Discussion
This week covers some of the less intensive business applications such as using statistical analysis to develop demand forecasts based on historical data. The questions below address some of the finer points of forecasting, as well as offer you a chance to reflect on the material covered in the course.
Select any one of the following starter bullet point sections. Review the important themes within the sub questions of each bullet point. The sub questions are designed to get you thinking about some of the important issues. Your response should provide a succinct synthesis of the key themes in a way that articulates a clear point, position, or conclusion supported by research. Select a different bullet point section than what your classmates have already posted so that we can engage several discussions on relevant topics. If all of the bullet points have been addressed, then you may begin to re-use the bullet points with the expectation that varied responses continue.
- As a marketing analyst, you are responsible for estimating the level of sales associated with different marketing mix allocation scenarios. You have historical sales data, as well as promotional response data, for each of the elements of the marketing mix.
- Describe the differences between the forecasting methods that can be used.
- Evaluate the forecasting methods in relation to the given scenario.
- Choose a forecasting method and justify your choice. If you make any assumptions, state them explicitly. Support your discussion with relevant examples, research, and rationale.
- In general, short-term forecasts are more accurate than long-term forecasts. The same is true for forecasts where cyclical or seasonal factors are fairly well defined and repeatable.
- Describe the factors that influence the reliability of time-series forecasts.
- Evaluate the circumstances that would cause a time-series model to offer a fairly reliable forecast.
- Locate information about a company that uses one of the types of time-series models to forecast demand and describe both the organization and the type of product(s) that they use time-series models to forecast.
- Explain why the time-series model that is currently being used is the most reasonable model for the company to use or describe an alternate time-series model that would be more appropriate for the company to use.
- If you suggest a change in the time-series model being used by the company, predict how the company you have chosen will improve because of that specific time-series model. Support your discussion with relevant examples, research, and rationale
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.