Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

* please help make substantive discussion post reply for this post* I suggest Tesla use the linear regression model with a time series filter based

* please help make substantive discussion post reply for this post*

I suggest Tesla use the linear regression model with a time series filter based on the recent experience because it will deliver several benefits for them such as it provides greater flexibility and ensures accurate data prediction at all times so that forecasting becomes effective and feasible. This forecasting model uses past sales research in recent times where all sales details are listed, measures the sales pattern over time, and identifies the quantity level of the sales at the time. The recent sales fluctuations help find an optimal quantity level that is beneficial for the company to make the expected forecasting and organize other organization planning with this forecasting. This model is helpful for the company to get effective forecasting because it has been developed on past research and trend of sales, so almost every fluctuation level will be used, and an optimal solution will be beneficial for the company at all times. This forecasting model helps mitigate the complexity of forecasting and offers an easy and accurate forecasting method. Tesla has to manufacture the products at a limited level due to higher costs involved in the production, so this model is helpful for them to predict the best time for production and to hold the inventory to access the most elevated profit conditions.

Conclusion: the linear forecasting method is helpful for organizations to identify accurate measurements for forecasting and mitigate the complexity for Tesla to make effective decision making.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project management

Authors: Harvey maylor

4th Edition

027370432X, 978-0273704324

More Books

Students also viewed these General Management questions

Question

Contrast feedforward, concurrent, and feedback controls.

Answered: 1 week ago

Question

What does an ANOV table summarize?

Answered: 1 week ago

Question

=+1. What makes psychology a science?

Answered: 1 week ago

Question

=+What are the goals of psychological scientists?

Answered: 1 week ago