• CO4: Examine methods for measuring forecast performance
• CO5: Investigate forecast performance utilizing spreadsheet techniques

Discussion Prompt:

In addition to reading your assigned resources for week 1, research each of the three topics regarding theorganization you currently work for, or previously worked for:

1. From the viewpoint of your organization, discuss the concept of demand as it applies to your organization.
2. Next, choose a resource or activity that is forecast in your organization and address whyachieving results significantly differentthan the forecast can bea potential problem for your organization.
3. How does (or should) your organization measure forecast accuracy? What would you do differently toimprove forecast accuracy in your organization.