Critical Thinking Essay: Forecasting

Critical Thinking Essay: Forecasting

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.

Address the following requirements:

• 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?
  
  
   

Directions:

- Write an essay that includes an introduction paragraph, the essay’s body, and a conclusion paragraph to address the assignment’s guide questions. Do not address the questions using a  question-and-answer format. 

-APA style should be used

-Font will be: Times roman 12, and double space should be between lines

-At least 3-4 scholarly, peer-reviewed journal articles will be used as references (including the below two).

Recommended Reference: 
Choudhury, D. K. (2018). Market  demand forecast method selection and application: A case study in Hero MotoCorp  Ltd. IUP Journal of Operations  Management, 17(2), 7-22.

• Liao, Y. P., & Chiu, S. K. (2017). Advantage   of make-to-stock strategy based on linear mixed-effect model: A  comparison with  regression, autoregressive, times series, and  exponential smoothing models. Croatian Operational  Research Review, 8, 357-376.
• Randheer, K., & Al-Aali, A. (2015). What,  who, how and where: Retailing industry in Saudi Arabia. Journal of Competitiveness Studies, 23(3),  54-69.