Describe the various types of time-series and associative
forecasting models. Which types of organizations are each...
Describe the various types of time-series and associative
forecasting models. Which types of organizations are each of these
most applicable to, and why?
Describe the various types of time-series and associative
forecasting models. Which types of organizations are each of these
most applicable to and why?
1.A) In abut 5 lines explain how associative methods of
forecasting differ from Time series methods of forecasting.
B) Which one would you use to explain how the demand for pork
might affect the demand for beef?
2. What all does Hard Rock Cafe's Point of Sale (POS) system
capture? At what level is the information aggregated?
3. A) In about 5 lines, discuss the key differences between Time
Series method of forecasting and Qualitative Methods of
forecasting.
B) Name...
Observations of any variable recorded over a sequential period
of time are considered time-series. Forecasting models,
used to estimate values for some future period, are generally
classified as either qualitative or
quantitative.
Use the internet to research the differences between a
qualitative forecasting model and a quantitative
forecasting model.
Assume you are an executive of a large transportation company,
and your firm's profit is highly sensitive to fuel cost. The price
of gasoline and diesel changes daily, however, your customers...
Forecasting can be classified into four basic types:
Qualitative, Time series, Causal relationship, and simulation.
Determine which one or two styles best fits an
electrical distribution companies forecast needs. Why?
A time series model is a forecasting technique that attempts to
predict the future values of a variable by using only historical
data on that one variable. Here are some examples of variables you
can use to forecast. You may use a different source other than the
ones listed (be sure to reference the website). There are many
other variables you can use, as long as you have values that are
recorded at successive intervals of time.
Currency price
GNP...