Decision making Project - Outline Proposal for a Forecasting - Project Proposal Assessment Answer

Decision making Project Outline Proposal for a Forecasting Project Proposal Assessment Answer

Assessment Task:

Outline Proposal for a Forecasting for Decision-making Project

NOTE: In addition to the 20 marks allocated to this Outline Proposal, a further 10 marks are allocated to your 2 minute in-class oral presentation of your proposal. Your mark for you oral presentation will be calculated as an average of your classmates’ ratings out of 10 in response to the following:

Are the descriptions of the following aspects of the forecasting process sufficiently uncomplicated as to be easily understood by decision makers? (0 to 10):

1. Method                                                                                 
2. Representation of cumulative knowledge                          
3. Relationships in models                                            

Relationships among models, forecasts, and decisions

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