The Application of Forecasting within your own Working Environment - Management Assignment Help

Assignment Task

Coursework Task Obtain some data from your work context that requires a forecast using trend projectionor decomposition methods. Using an appropriate method from those taught in the module, generate a forecast, and investigate the quality of your forecast. Write a report that describes/discusses:

1. The problem context and the need for the forecast

2. The data

3. The forecast

4. The quality of the forecast

5. The limitations of, and possible improvements to, the forecast

Topics covered

• Business Analytics and Big Data

• LP formulation and LP sensitivity Analysis

• Trend Projection methods

• Naïve

• Moving Average

• Exponential Smoothing

• Simple and Multiple Regression Analysis

• Decomposition methods

• Additive model

• Multiplicative model

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