Why is forecasting important in organizations

Assignment Help Operation Management
Reference no: EM13227896

Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?

Reference no: EM13227896

Questions Cloud

Describe the various risks and the affected stakeholders : For example, should the decision to repair the system be considered in terms of the potential liability risks of failure versus the costs of the repairs?
Compute the binary number of collisions : Ultra-high-vacuum experiments are routinely performed at a total pressure of 1.0 x 10-10 torr. Calculate the binary number of collisions, Z11, of N2 molecules (per liter per second) at 350 K under these conditions. The collision diameter of N2 is ..
How much should the father deposit at the end of each year : how much should the father deposit at the end of each year, up through the 17th year ? Answer is : $370.95
Compute the ph of a solution prepared by mixing : Calculate the pH of a solution prepared by mixing 20mL of .20M NH3 with 40mL of .10M HNO3 (Kb for NH3= 1.8 x 10^-5)
Why is forecasting important in organizations : Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?
Describe the various types of time-series : Describe the various types of time-series and associative forecasting models. Which types of organizations are each of these most applicable to, and why?
What are two reasons project management : What are two reasons project management is not well done in corporations? Why? What are some specific examples?
What is the acceptable bit error assuming additive wgn : assume QPSK is the modulation method used in a digital communication system.The communication system requires minimum bit error.what is the acceptable bit error assuming additive white gaussian noise.
Why is it important to try to fill in the gaps : When interviewing, why is it important to try to fill in the gaps in a candidate's employment history?

Reviews

Write a Review

Operation Management Questions & Answers

  How are four functions of management relative to creating

How are the four functions of management relative to creating and implementing a strategic plan?

  Describe the two main types of financing that entrepreneurs

Describe the two main types of financing that entrepreneurs may seek for their businesses. What are the risks and benefits involved with each?

  Examine how several other non-room departments forecast

The room's forecast is a tool for managers throughout the hotel; it is not for the front office alone. List also examine how several other non-room departments (housekeeping, food also beverage, etc.) would use the rooms forecast.

  Discuss strengths to the survival of military health system

Discuss strengths and threats to the survival of the military health system. Summarize the Tricare program and detail its options for enrollees.

  Determine the upper and lower control limits of the r chart

Average range= 1.78 lb. (a) Determine the upper and lower control limits of the x-bar chart. (b) Determine the upper and lower control limits of the R chart

  Small manufacture of electronic research equipment

Howard Electronics, a small manufacture of electronic research equipment, has approximately 6,600 items in its inventory and has hired Joan Blasco-Paul to managed inventory.

  Why are economic profits a better indicator

From your accounting statements, how would you determine whether your firm is making positive economic profits or not?

  What are some characteristics and provisions of the cost

What are some characteristics and provisions of the cost of living escalator clauses and wage reopener arrangements that are part of the unions' efforts to adjust to the lack of dependability the Consumer Price Index (CPI) has demonstrated for fut..

  Determine the appropriate learning curve

Using this information and the Learning Curve Rule, determine the appropriate learning curve?

  Calculate number of containers

A JIT system uses kanban cards to authorize movement of incoming parts. In one portion of the system, a work center uses an average of 90 parts per hour while running.

  After searching the supplier directory

After searching the supplier directory, use specific criteria to compare the profiles of companies supplying both red and white. Decide which supplier is best for your company. Be sure to justify your conclusion.

  How do you ensure equal employment opportunities

What is your plan if a union campaign is started at your company?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd