Develop forecasts by implementing the approach


Problem: Operations Plan- TESLA

Choose 1 quantitative element that you would like to research in relation to the organization that you selected for your business plan. This element may be related to products, services, target market, consumer preferences, competition, personnel, resources, supply chain, financing, advertising, or other areas of interest.

Develop forecasts by implementing the following approach:

• Collect data, including old demand forecast (subjective data) and the actual demand outcomes.

• Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.

• Forecast future demand using a forecasting method.

• Make decisions based on step 3.

Develop a 5 to 10 PowerPoint Slide presentation evaluating and summarizing the findings from the supported data points above. Insert the charts and supporting data from Excel and other tools in your presentation.

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Operation Management: Develop forecasts by implementing the approach
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