Prepare demand forecasts for the next four quarters for all three products, describe the forecasting method you chose and explain why that forecasting method is best suited to the scenario. Explain why you did, or did not, choose the same forecasting method for each product.
MODULE 04: DISCUSSION
Module 04: Discussion
Read through the Case Study entitled “Highline Financial Services, Ltd.” in Chapter 3 of your textbook. Examine the historical trends this company has experienced for the three products (A, B, C) discussed over the two years shown.
Address the following requirements:
Prepare demand forecasts for the next four quarters for all three products, describe the forecasting method you chose and explain why that forecasting method is best suited to the scenario.
Explain why you did, or did not, choose the same forecasting method for each product.
What are the benefits of using a formalized approach to forecasting these products?
Directions:
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources if appropriate.
Your initial post should address all components of the question with a 500 word limit.
Reply to at least two discussion posts with comments that further and advance the discussion topic.
Requirements: 500 words only
Highline Financial Services provides three categories of service to its clients. Managing partner Freddie Mack is getting ready to pre- pare financial and personnel hiring (or layoff) plans for the coming year. He is a bit perplexed by the following printout he obtained, which seems to show oscillating demand for the three categories of services over the past eight quarters:
Examine the demand that this company has experienced for the three categories of service it offers over the preceding two years.
Assuming nothing changes in terms of advertising or promotion, and competition doesn’t change, predict demand for the ser- vices the company offers for the next four quarters. Note that there are not enough data to develop seasonal relatives. None- theless, you should be able to make reasonably good, approxi- mate intuitive estimates of demand. What general observations can you make regarding demand? Should Freddie have any concerns? Explain.
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