Statement of a problem № m40762


Assume you have been hired to help John Mosby with his forecasting problem. Write him a memo that summarizes his efforts to date and that recommends a course of action to him. Keep in mind that John must quickly develop forecasts for monthly sales that are as accurate as possible and that he can use in discussions with investors. Be very specific about what you are recommending to the owner of Mr. Tux. The owner of several Mr. Tux rental outlets, John Mosby, has tried several ways to forecast his most important variable, monthly dollar sales. His efforts are outlined in Cases 1-1, 2-2, 3-2, 4-2, 5-2, 6-4, 8-4, and 9-2. Having completed these forecasting attempts, John decides it is time to summarize his efforts and attempt to arrive at a method for forecasting the future. He realizes that he should update both his data and his method of forecasting at some time in the future, but he needs to choose a way of forecasting the next few months right away.

New search. (Also 1294 free access solutions)

Online calculators