Suggestions to avoid forecasting errorsyou have received a, Ask an Expert

Management Studies

Suggestions to Avoid Forecasting Errors

You have received a call from the manager of a firm where you helped set up a forecasting system. The manager, Dr. Nancy Waldron, expressed concern that forecast errors, although within the control limits, were too large, and wondered if there was anything else that could be done, or whether they would "just have to live with it." What would you suggest? Write a memo to Dr. Waldron.

How should I proceed to write this memo and what should be emphasized?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M9736928

Have any Question?Write your Review or question?

Related Questions in Business Management

Describe the difference between financial accounting and

Describe the difference between financial accounting and managerial accounting. Give examples of the uses of each one.

Wat are three 3 major categories of cyber terrorism and

What are three (3) major categories of cyber terrorism and / or information warfare. Among the chosen categories, determine the one (1) that should be the top priority for the federal government to address.

The balanced scoreboard approach has gained popularity in

The balanced scoreboard approach has gained popularity in recent years. What is this approach and how does it integrate strategic and operational control?

Do you all see leadership roles as being more challenging

Do you all see leadership roles as being more challenging in light of global health care growth? Do you see more networking being sought to bridge these isolated organizational issues?

Please assist me with finding two examples of where an

Please assist me with finding two examples of where an organization and management excelled in ensuring employees were properly compensated, including benefit packages, and then provide two examples of where an organizat ...

Tell me something about anti trust law about kodak company

Tell me something about anti trust law about Kodak company and its references.

Articulate the theories of international trade and

Articulate the theories of international trade and investment. Give an example of one of the theories.

What is ethical dilemma that starbucks is cureently

What is ethical dilemma that starbucks is cureently facing? How can I explain this ethical dilemma? What are the issues of the various stakeholders in this ethical dilemma? What is the right thing for the company to do i ...

Define what a contingency plan is and provide at least one

Define what a contingency plan is and provide at least one reason for developing a contingency plan.

A producer of chairs is considering the addition of a new

A producer of chairs is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $9000 per month and a variable costs of 60 c ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert