Week 3 Discussion 1 - Which forecasting techniques

Wk3 Discussion 1

From Chapter 9, answer Discussion Question 1: Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Causal models? Qualitative models? In casual modeling, what types of independent variables might be used? Justify your answer.

Required Resources

Text

Bozarth, C. C., & Handfield, R. B. (2016). Introduction to operations and supply chain management (4th ed.). Upper Saddle River, NJ: Pearson.

• Chapter 7: Supply management
• Chapter 8: Logistics
• Chapter 9: Forecasting

Articles

Evans, M. (2014, February 27). Trickle of jobs returning to U.S. shores could soon become a torrent (Links to an external site.). Forbes. Retrieved from http://www.forbes.com/sites/allbusiness/2014/02/27/trickle-of-jobs-returning-to-u-s-shores-could-soon-become-a-torrent/
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Mullich, J. (2013, July 12). The benefits of outsourcing finance and accounting (Links to an external site.). Forbes. Retrieved from http://www.forbes.com/sites/xerox/2013/07/12/the-benefits-of-outsourcing-finance-and-accounting/
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