analyze the two alternative perspectives on forecasting

/in /by

To complete the following assignment, go to this week’s Assignment link in the left navigation.

Forecasting

In a three- to four-page paper (not including the title and reference pages), analyze the two alternative perspectives on forecasting. Be sure to include the following:

  • A description of the subjective and objective methods and their applications to the forecast.
  • A description of a procedure to evaluate the effectiveness of a particular methods output/predictions.
  • A description of the similarities and differences of subjective and objective forecasting.
  • A description of the methods of application or use of forecasts to support production. Be sure to address how the deliverables relate to production.

In your paper, be sure to cite the article by Fildes and Beard (1992) or another scholarly source, in addition to Chapters 13 and 14 in your textbook.