Reference no: EM13688945
Forecasting is used as a tool for planning. When developing forecasts, firms need to think of all possible scenarios and their future impacts.
For example, if you are in a management role and overforecast sales, you will then overforecast employees or payroll as you will schedule more employees than needed to meet your projected sales. This overforecasting will lead to excess purchasing of supplies and, ultimately, lead to insufficient cash flows because you will need to pay for expenses incurred to maintain and provide services for revenues that did not come in as projected. A small error in forecasting at the start can significantly affect overall results. In this assignment, you will be exposed to the basic principles of forecasting.
Tasks:
Research a firm that applies forecasting principles and methods. You can take examples from your own work experiences. You can also consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report, and the Argosy University online library resources.
Create a 4- to 5-page research paper that includes responses to the following:
- Identify the sales forecast for the firm.
- Analyze how this sales forecast impacts all other forecasts for the firm, such as materials, labor, overhead, cash receipts, and disbursements.
- Explain the exogenous factors that you need to be aware of when developing these forecasts.
- Evaluate the prerequisites of a good forecast that you should keep in mind as a manager when budgeting sales and production amounts.
At the end of your report, include a reference page and cite scholarly sources in APA style.
|
What is the spacing between the bright fringes
: A Young's interference experiment is conducted with blue-green argon laser light (515 nm). What is the spacing between the bright fringes
|
|
Find the number of moles in the sample
: An ideal gas sample occupies a container of volume 0.45L at STP. Find the number of moles in the sample
|
|
Design a three band stop filters
: Design a three band stop filters for echo/reverberation cancellation for a specific room. Provide measurements of the room impulse response and frequency response with the coefficients.
|
|
What is the normal fate of bilirubin
: Briefly describe how these three organelles contribute to this major function of the liver and What is the normal fate of bilirubin, and what role does the liver play? Explain how Mrs. Fender's cirrhosis is related to her jaundice.
|
|
Evaluate the prerequisites of a good forecast
: Identify the sales forecast for the firm and analyze how this sales forecast impacts all other forecasts for the firm, such as materials, labor, overhead, cash receipts, and disbursements.
|
|
Propose a substantial investment plan
: Propose a substantial investment plan to improve the performance of your work group or organization or an organization you hope to work for. The investment can be made in human resources, in expansion of tangible or intangible assets toward new us..
|
|
Why will you choose a certain acquisition method
: What tools listed in the text book are available and how do you plan to acquire the data? Why will you choose a certain acquisition method?
|
|
Why is transfer pricing such a significant issue
: Calculate the increase or decrease in profits for the three divisions and the company as a whole if the agreement is enforced - Why is transfer pricing such a significant issue both from a financial and managerial perspective - Why is transfer p..
|
|
Find the competitive equilibrium prices and allocations
: Find the competitive equilibrium prices and allocations. Draw the equilibrium in the Edgeworth Box and draw the Edgeworth Box for this economy, plotting the endowment point w and the indifference curves passing through it for both consumers.
|