Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late
penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on
midnight Central Time.
John and Michael 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.
Individual portion:
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.
For the Individual Portion of the Group Project, you must submit a spreadsheet consisting of 1,200-1,500 words in which you
recommend a specific method of forecasting for your selected company. For full-credit, you must address the following in your
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.
