Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions.
Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions.
Description:
Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions. Since the future is unknown, it is expected that some errors between a forecast and actual demand will exist, so the goal of a good forecasting technique would be to minimize the difference between the forecast and the actual demand.
Address the following requirements:
- Articulate the difference in short and long-term forecasts, forecasting techniques, and the benefits and challenges of each technique.
- Create a forecast for a situation with which you are familiar (personal or professional) explaining the situation and why you chose the method of forecasting that you did
- Policy:
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- Student must apply Saudi Electronic University academic writing standards and APA style guidelines.
- Support your submission with course material concepts, principles, and theories from the textbook along with at least two scholarly, peer-reviewed journal articles.
- A mark of zero will be given for any submission that includes copying from other resource without referencing it.
- Plagiarism percentage must very very low.
- At least 2 references.
- Reading Chapter is attached
Requirements: 1 to 2
Answer preview for the “Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions.” essay………………….
apa 119 words