Amazon Operations Plan

Choose two quantitative elements that you would like to research about Amazon. These elements may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest. However, at least one of these elements should be related to a product, or service Amazon plans to offer.

Develop forecasts by implementing the following approach:

1. Collect data, including old demand forecasts (subjective data) and the actual demand outcomes.
2. Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
3. Forecast future demand using a forecasting method.
4. Make decisions based on step 3.
5. Measure the forecast error where applicable. Look for biases and improve the process.
6. Evaluating the findings from the supported data points above and explaining the impact of these findings on operational decision-making.
7. Insert charts and supporting data from Excel.

Cite two peer review references.