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.
Operation Management.
Read through the Case Study entitled “Highline Financial Services, Ltd.” Attached. 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 the attached slide, case provided and the sources below. Cite from all the provided sources and cite any other sources if appropriate.
Bourdeau, M., Zhai, X. qiang, Nefzaoui, E., Guo, X., & Chatellier, P. (2019). Modeling and forecasting building energy consumption: A review of data-driven techniques. Sustainable Cities and Society, 48. https://doi.org/10.1016/j.scs.2019.101533
Delli Gatti, D., & Grazzini, J. (2020). Rising to the challenge: Bayesian estimation and forecasting techniques for macroeconomic Agent Based Models. Journal of Economic Behavior and Organization, 178, 875–902. https://doi.org/10.1016/j.jebo.2020.07.023
Your initial post should address all components of the question with a 600-word limit. ( Excluding the cover page and references page )
Plagiarism must be zero.
APA academic style of writing.
Requirements: 600 words
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