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file:///Users/antoinethai/Downloads/Demand-Driven_Forecasting_A_Structured_Approach_to..._----_(Chapter_5_Quantitative_Forecasting_Methods_Using_Time_Series_Data).pdf After carefullyreading Chapter 5 in your textbook and reviewing the additional resources in the Lessons area of the Sakai classroom, think about forecasting using
file:///Users/antoinethai/Downloads/Demand-Driven_Forecasting_A_Structured_Approach_to..._----_(Chapter_5_Quantitative_Forecasting_Methods_Using_Time_Series_Data).pdf
After carefullyreading Chapter 5 in your textbook and reviewing the additional resources in theLessonsarea of the Sakai classroom, think about forecasting using Time-series Data in your organization.Address the threesubjects below:
- What are the various waysa forecast can go wrong using historic data to predict future requirements, resources, or customer demands?
- What statistical methods are used to "sense demand signals, shape demand, and forecast demand" (Chase, p. 126).
- What time-series data is used to forecast future demand for products, services, or activitiesin your organization?From your experience, how accurate is the time-series data that is used to forecast and how accurate are the forecasts?
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