Question: { The forecasting recommendation section should provide the reader with a summary of your conclusions regarding forecasting and a recommendation for forecasting the remaining three
The forecasting recommendation section should provide the reader with a summary of your conclusions regarding forecasting and a recommendation for forecasting the remaining three months of the year. Do more than suggest which forecasting model to use, but provide actual forecasted numbers for the remaining three months. A good answer will provide the forecasted values for the remaining three months and discuss how you arrived at the recommended values. Consider the elements listed earlier in this document and reproduced here for your convenience.
Assessment of whether any of the other four forecasting models would have had better results than Model #
Assess the impact of seasonal adjustment factors on the forecasts. Is there evidence that using seasonal adjustment factors will provide value to the forecasts?
Consider the forecast accuracy for each quarter of the year. Discuss the impact of an unforeseen significant demand shock on the forecasting models specifically look at the nd quarter and discuss model performance.
Develop a recommendation concerning what Redstone Foods should forecast for the remaining three months of the year. Provide the three specific values and how you arrived at these values
For Redstone Foods and M&M Wholesale, the sales forecasting technique has proven to be an invaluable tool. The company has seen higher sales and profitability as a result of M&M being able to more effectively plan its marketing and sales initiatives and better manage its inventory levels.
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