The best forecasting system, according to current literature and experience, allows for easy access, review, and modification
Question:
The best forecasting system, according to current literature and experience, allows for easy access, review, and modification of forecast results across all corporate disciplines; includes alternative modeling capabilities; allows for the creation of a knowledge base from which future forecasts can be refined; and provides timely and accurate automated link/feed interfaces with other systems.
Describe a currently used forecasting technique in your current or desired industry.
Discuss the reliability of the chosen technique.
Discuss how it is used today. Provide an example of this forecasting technique being used.
Statistics for Business & Economics
ISBN: 978-1337094160
13th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran