Question: I need help completing this assignment. This week you will be researching and writing on one of the most basic methods of forecasting: Judgmental Forecasting
I need help completing this assignment.
This week you will be researching and writing on one of the most basic methods of forecasting: Judgmental Forecasting. After reading Chapter 3 in Chase (Overview of Forecasting Methods), access the three excellent resources on Judgmental Forecasting hyperlinked below. Use all three, for they each provide a different perspective on the broad methodology of forecasting future demand using experience, insight, and business savvy. You may also want to search the internet for any additional resources that add to the lesson material in Chapter 3. As the instructions advise in previous assignments, if you do add additional sources, do not use advertisements of any kind, including consultancies and software.
Sections to follow will be:
Overview & Introduction
Where is Judgmental Forecasting Used Most Effectively?
Examples of how Judgmental Forecasting is Used Most Effectively
Advantages and Disadvantages of Judgmental Forecasting
The Delphi Method of Judgmental Forecasting (In this section, thoroughly explain the use of, advantages of, and an example of the Delphi method of forecasting.)
Judgmental Forecasting Resources:
- Forecasting Principles and Practices (1 page)
- A Comparison of Judgmental Forecasting Techniques (9 pages)
- The Delphi Method (1 page)
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