Description
Read through the Case Study entitled “Highline Financial Services, Ltd.” in Chapter 3 of your textbook. Examine the historical trends this company has experienced for the three products (A, B, C) discussed over the 2 years shown. In a 4-5 page paper, not including the cover and reference pages, prepare demand forecasts for the next four quarters for all three products, describe the forecasting method you chose and explain why that forecasting method is best suited to the scenario. Explain why you did, or did not, choose the same forecasting method for each product. What are the benefits of using a formalized approach to forecasting these products?
a few more comments about the case and critical thinking content:
1-The case is about product decisions based on historical information.
2- While you do not have to state why you did not use other techniques, you must justify, with scholarly support, why you used the technique you did use. Table 3.4 in your textbook is a good resource among many good resources.
3- Now that you justified your selection of forecasting methods in #2 above, you must include scholarly content in words on how to perform a forecast using that method.
4- Next, you do your forecast and explain it in words. Any tables or calculations that you include are supporting information, but tables and calculations do not replace text. Explain what is happening in each product and why. What are the concerns?