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