Reference no: EM13335884
Sencerio: Alex and Joe know that to be successful they need to properly staff their company and order the right amount of materials, and to do so, a new forecast method is needed. While they have used a simple forecast up to this point, they no longer believe that method will work for them and the company. They are now coming to you for help in selecting the right forecasting method and to develop an initial forecast.
The first step in this project requires each member to research and select a relatively new company for which he or she will use as a benchmark. After researching your selected company, come up with a recommendation, for them, on which type of forecasting method they should use and why. Based on the recommendation, you must create a spreadsheet with a 12-month forecast highlighting the key factors used in its development. Your spreadsheet may also contain assumptions that support your argument.
I must submit a spreadsheet, consisting of 1,500-2,000 words in which I recommend a specific method of forecasting for your selected company. I also must must address the following in my in spreadsheet:
Research and select a relatively new company.
Explain the various methods of forecasting to develop an aggregate forecast.
Explain which type of forecasting method the company should use and why.
Create a spreadsheet with a 12-month forecast highlighting the key factors used in its development.
Explain why you chose the method that you did.
Provide some assumptions that support your argument.
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