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Interest in forecasting and forecasting errors

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Your boss recently returned from a executive development conference and has taken a new interest in forecasting and forecasting errors. He asks you the following questions.

Should your division be using moving average, weighted average, or exponential smoothing in forecasting calculations? Why?

What are some sources of forecast errors?

What is a control chart, and what is the benefit to using them for forecasting errors?

What are aggregate capacity requirements, and how could they be applied?

To review the company scenario, click here. Please see company scenario attached. Please submit references and do at least one page. Answer each question in depth.

Attachment:- Company scenario.rar

Reference no: EM132874414

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