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OPTION 3 : Experiential - Personal Reflect upon your personal life. Determine an area of your life where adopting a formal forecasting method would help
OPTION : Experiential Personal
Reflect upon your personal life. Determine an area of your life where adopting a formal forecasting method would help you enhance your prospects of achieving your personal goals. Then share with the class the following:
The purpose of the forecast.
The forecast methods you propose to use may be one that was not covered in this course and WHY. Include details of the forecasting method.
Describe the underlying data or information on which the forecast would be based and WHY. Description based on the concepts covered to date.
Discuss how you would refine the forecast and the error analysis.
Discuss your perspective of a successful forecast in this area when is the forecast a success versus a failure?
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