Question: Your objective in this Discussion is to learn to analyze a specific forecasting situation and identify the best suited methodology. You will complete three steps.

 Your objective in this Discussion is to learn to analyze a

Your objective in this Discussion is to learn to analyze a specific forecasting situation and identify the best suited methodology. You will complete three steps. Step 1: Describe a specific forecasting need in your organization. Step 2: Use the provided table below to analyze the requirements of the forecasting problem. Step 3: Identify the best matching forecasting methodology to your situation and describe how it would be executed. In Step 2, the analysis will be based on the table shown on pages 4 and 5 of the article. This table lists several questions about the nature of the forecasting situation, such as the urgency, detail required, and costs factors, and provides an overview of how well various forecasting methodologies will fit those requirements. For example, some forecasting methods cost more than others and depending on your financial resources, some of them may not be suitable. The same holds true with the math skills available or the need for high accuracy. So, understand what each category is referring to, fill in the information, and follow the table to see which

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