The Discussion is a great place to learn in an interactive environment, so be sure to participate actively
The Discussion is a great place to learn in an interactive environment, so be sure to participate actively in the weekly Discussion. By doing so, the entire class benefits from the Discussion and learning is significantly enhanced. You will need to respond substantially to at least two of your classmate’s posts. Please try to make your initial posts no later than Sunday night to give your classmates an opportunity to respond. You should also post throughout the week so that you can respond to any responses your classmates have made to your posts as well as participate in the Discussion. Be sure your post is grammatically correct, has been spell checked, and fully answers the question.
Describe a situation where it would be appropriate to use forecasting. Be sure to include all the necessary steps to develop the forecast and why you would use the forecast you chose. Please be thorough and provide enough detail to allow meaningful responses from your classmates.
Forecasting is an essential part of the statistics as well as any other kind of operation/ inventory management. Just as the way the future is uncertain, so as a practice statistical tools as well as techniques used in predicting future from the past data. As a matter of fact, starting from our daily life to how we produce, buy or store to the daily…