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- V. Let's Explore / Let's Create 1. Discuss the other types of forecasting methods that financial analysts use to predict future revenues. 2. Are there any several other factors that may need to be considered that affects the sales forecast? RUBRIC Criteria Poor (3 Points) Fair (7 Points) Fair Good (10 Points) Good DeerQuestion TWO: i. Identify and explain the Major Steps involved in budgeting ii. What do you understand by business forecasting? and state the challenges faced in forecastingSlide 6: Forecast• Describe the forecasting methods used by Walmart to anticipate demand for resources.• Highlight the importance of having accurate forecasts in the company's operations.7. Slide 7: Inventory Control• Evaluate Walmart Company's inventory control practices, including the techniques usedto manage and control inventory levels.• Discuss how having inventory control impacts company operations and customer satisfaction.
- (White A) QUESTION: "Successful Companies examine the future outcome using previous evidence."Does RMG in Bangladesh employ this forecasting technique in order for their business to continue?QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations?What factors make forecasting at Deckers particularly challenging? Howcan forecasts be made for seasonal, fashionable products for whichthere is no history file? What are the costs of over-forecasting demandfor such items? Under-forecasting?
- Forecasts question!Chapter 14 1. How would you conduct a trend analysis? Provide an example. 2. Explain the three different source of information and forecast assumptions. Chapter 15 3. Explain the four common uses of comparisons that the manager will find helpful. Chapter 16 4. Explain the importance of assumptions when building a budget? Chapter 17 5. Explain the rationale for replacing existing equipment with new equipment.Which of the following is NOT a typical application of analytics in operations and supply chain management? Question 4 options: Capacity and scheduling Logistics and sourcing All of these choices are typical applications. Forecasting
- 9-The approach that uses the organization's current level of employment as the starting point for determining future staffing needs is called the use of predictor variables. Delphi technique. bottom-up approach. zero- base forecasting.10-A forecasting method that forecasts progress upward in the organization from small units to ultimately provide an aggregate forecast of employment needs is referred to as zero-base forecasting. bottom-up approach. use of predictor variables. Delphi technique.If ABC Corporation has following historical data about sales volume: Years Sales Years Sales Years Sales Years Sales 2001 110 2006 99 2011 100 2016 110 2002 112 2007 101 2012 104 2017 111 2003 122 2008 95 2013 108 2018 109 2004 111 2009 98 2014 102 2019 114 2005 104 2010 96 2015 115 2020 112 Note: All the sale values are in thousands. Required: Which type of forecasting approach is suitable for this type of data? Which forecasting technique is best to employ in order to forecast the above data? And also define the suggested technique. Calculate the predicted values by employing the discussed technique in part (b) on the above data.