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Recommending a Forecasting Method Type for a New Company
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.

– 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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