Describe the various forecasting methods. What are the steps
needed to develop a forecast? Explain how you could use Excel to
help develop a forecast. Provide an example of an Excel forecast
for a three year period on any one income statement or balance
sheet account.
For a Health Education and Health Promotion Agency planning
purposes, describe the historical achievements in prevention
efforts facilitated by local, federal and professional
organizations, identifying the health issues of the 19th and 20th
centuries and the social factors that influenced public health
communication in addressing these health issues and predict what
the major health issues would be for the next decade stating which
of these can be most impacted by health education and health
promotion.
Question 1
Required:
Forecasting is an important business process to enable planning
and preparation.
Describe THREE (3) techniques that could be
used to forecast costs. Illustrate your answer with the use of
simple numerical examples.
Evaluate the usefulness of these three techniques. (maximum
word count 500 words)
Question 2
The Feathered Friends Company is a small business manufacturing
products for domestic and wild birds. Its best-selling product is
the ‘fat ball’ that can be hung or placed in a garden...
1- What are the various qualitative forecasting methods as
discussed in Chapter-3, describe them in detail. Can you identify
some other qualitative forecasting methods in addition to what is
mentioned in the textbook?
2- How is service design different from design of physical
products? What are the phases of a service design process? What
characteristics make it a well-designed service system? What
challenges do you see in designing services?