Slide 1Forecasting “Prediction is very difficult, especially if it's about the future.” Nils Bohr Slide 2 Slide 3 Objectives Give the fundamental rules of forecasting…

1. ForecastingForecasting ““Prediction is very difficult,Prediction is very difficult, especially if it's about the future.especially if it's about the future.””…

1.  Give the fundamental rules of forecasting  Calculate a forecast using a moving average, weighted moving average, and exponential smoothing  Calculate the accuracy…

Slide 1Supply Chain Management Lecture 22 Slide 2 Outline Today –Finish Chapter 12 Sections 1, 2, 3 –Section 2 up to and including Example 12.2 Thursday –Homework 5…

Operations Operations 3 473.31 Fall 2015 Bruce Duggan Providence University College Summary Forecasting is fundamental to any planning effort. In the short run, a forecast…