Question: Select a service organization ( e . g . , restaurant ) , manufacturing organization ( e . g . , Ford ) or retailer
Select a service organization eg restaurant manufacturing organization eg Ford or retailer eg Home Depot Explain their mission and overall strategy. Then discuss the role of forecasting in that organization. Explain what they may be forecasting, what methods are most suitable for them, how they should measure accuracy of forecast, and the role the forecasting contributes to customer satisfaction. Explain in detail one of the seven forecasting steps and how they should use it clearly provide a title that shows which forecasting step you are referring to
Calculate MAD, MSE, and MAPE for the following hypothetical series of actual and forecast demand of car sales. Year : FA; Year : FA; Year : FA; Year : F; Year : where is forecast and is actual demand.
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