Answered step by step
Verified Expert Solution
Question
1 Approved Answer
With an industry or company of your choosing write a 1 page analysis on the accuracy of a real world forecast performed in the past.
With an industry or company of your choosing write a 1 page analysis on the accuracy of a real world forecast performed in the past. For example you can comment on predictions for the adoption of renewables, the value of gold, or the expected growth in sales of a brand of cookies in your country. Feel free to get creative and find interesting examples! Make sure to provide background information on the industry and base your analysis on actual forecast data. In your commentary make sure to answer the following questions: How well did the forecast perform? What factors (unforeseen) could have affected the forecast? What would you recommend in hindsight for the designers to account for? How would you go about adding more flexibility towards their design? Do any of your research or conclusions agree/disagree with the course material? Why? Remember to cite any sources used to support this commentary! With an industry or company of your choosing write a 1 page analysis on the accuracy of a real world forecast performed in the past. For example you can comment on predictions for the adoption of renewables, the value of gold, or the expected growth in sales of a brand of cookies in your country. Feel free to get creative and find interesting examples! Make sure to provide background information on the industry and base your analysis on actual forecast data. In your commentary make sure to answer the following questions: How well did the forecast perform? What factors (unforeseen) could have affected the forecast? What would you recommend in hindsight for the designers to account for? How would you go about adding more flexibility towards their design? Do any of your research or conclusions agree/disagree with the course material? Why? Remember to cite any sources used to support this commentary
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started