26 Jan Explain why the time-series
MBA5008 Quantitative Analysis & Decision Making
Week 5 Discussion
As a marketing analyst, you are responsible for estimating the level of sales associated with different marketing mix allocation scenarios. You have historical sales data, as well as promotional response data, for each of the elements of the marketing mix.
Describe the differences between the forecasting methods that can be used.
Evaluate the forecasting methods in relation to the given scenario.
Choose a forecasting method and justify your choice. If you make any assumptions, state them explicitly. Support your discussion with relevant examples, research, and rationale.
In general, short-term forecasts are more accurate than long-term forecasts. The same is true for forecasts where cyclical or seasonal factors are fairly well defined and repeatable.
Describe the factors that influence the reliability of time-series forecasts.
Evaluate the circumstances that would cause a time-series model to offer a fairly reliable forecast.
Locate information about a company that uses one of the types of time-series models to forecast demand and describe both the organization and the type of product(s) that they use time-series models to forecast.
Explain why the time-series model that is currently being used is the most reasonable model for the company to use or describe an alternate time-series model that would be more appropriate for the company to use.
If you suggest a change in the time-series model being used by the company, predict how the company you have chosen will improve because of that specific time-series model. Support your discussion with relevant examples, research, and rationale.
Experience teaches us that the bulk of the technical material covered in this course will, unfortunately, be forgotten shortly thereafter. If you were to commit just three concepts you have learned in this course to your long-term memory, which concepts would you select and why?
Evaluate the applicability of each of the concepts that you’ve selected to a business environment in which you have worked in the past (or with which you might be familiar).
Describe how you would apply each of the concepts. Be specific.
Explain your goal in applying each concept to the environment that you have described.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteEdu. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
Do you need help with this question?
Get assignment help from WriteEdu.com Paper Writing Website and forget about your problems.
WriteEdu provides custom & cheap essay writing 100% original, plagiarism free essays, assignments & dissertations.
With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Chat with us today! We are always waiting to answer all your questions.