Course Objectives:
CO4: Examine methods for measuring forecast performance
CO5: Investigate forecast performance utilizing spreadsheet techniques
Discussion Prompt:
In addition to reading your assigned resources for week 1, research each of the three topics regarding the organization you currently work for, or previously worked for:
From the viewpoint of your organization, discuss the concept of demand as it applies to your organization.
Next, choose a resource or activity that is forecast in your organization and address why achieving results significantly different than the forecast can be a potential problem for your organization.
How does (or should) your organization measure forecast accuracy? What would you do differently to improve forecast accuracy in your organization.
Last Completed Projects
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