Posted: February 10th, 2022

Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions.

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Learning Goal: I’m working on a management discussion question and need support to help me learn.Description:Demand forecasting results in an estimate of future demand and gives an organization a basis for planning and making sound business decisions. Since the future is unknown, it is expected that some errors between a forecast and actual demand will exist, so the goal of a good forecasting technique would be to minimize the difference between the forecast and the actual demand. Address the following requirements:Articulate the difference in short and long-term forecasts, forecasting techniques, and the benefits and challenges of each technique.
Create a forecast for a situation with which you are familiar (personal or professional) explaining the situation and why you chose the method of forecasting that you did
Policy:
Student must apply Saudi Electronic University academic writing standards and APA style guidelines.
Support your submission with course material concepts, principles, and theories from the textbook along with at least two scholarly, peer-reviewed journal articles.
A mark of zero will be given for any submission that includes copying from other resource without referencing it.
Plagiarism percentage must very very low.
At least 2 references.
Reading Chapter is attached
Requirements: 1 to 2

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