ability to identify when the various types of forecasting models should be used.

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Purpose

To assess your ability to identify when the various types of forecasting models should be used.


Action Items

  • Based on your reading and review, select two of the forecasting models and design your own models. Each model should be labeled in separate worksheet tab in a single Excel file. You will create the data for these models. Use text boxes to explain the context of the material.


Submission Instructions

 

  • Complete and submit your assignment per your professor’s instructions.

 


Grading Criteria

  • Documentation: thorough documentation with clarity of thought and process: 0 – 2 points
  • Problem solving and analysis:
    • Solution is accurate (0 – 2 points)
    • Calculations are accurate and valid (0 – 1 point)

Responses are detailed and accurate (0 – 1 point)

 

Purpose

To assess your ability to apply various forecasting methods to forecast future trends.

Action Items

  • If you have any difficulty completing the cases, you should work through the problems at the end of Chapter 5 in Quantitative Analysis for practice.
  • Complete each of the following cases, making certain that you address all questions in each case:

Moving Average

Weighted Moving Average

Exponential Smoothing

Linear Trend

  • Place each problem in a separate worksheet within the same Excel document.

Submission Instructions

  • Complete and submit your assignment per your professor’s instructions.

Grading Criteria

  • Documentation: thorough documentation with clarity of thought and process: 0 – 3 points
  • Problem solving and analysis:
    • Solution is accurate (0 – 1 point)
    • Calculations are accurate and valid (0 – 1 point)

Responses are detailed and accurate (0 – 1 point)



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