Forecasting method for a new company
Select a relatively new company to use as a benchmark. After researching your selected company, come up with a recommendation, for them, on which type of forecasting method they should use and why. Based on the recommendation, you must create a spreadsheet with a 12-month forecast highlighting the key factors used in its development. Your spreadsheet may also contain assumptions that support your argument.
Submit a spreadsheet consisting of 1,200-1,500 words in which you recommend a specific method of forecasting for your selected company. Address the following in the spreadsheet:
-Research and select a relatively new company.
-Describe the various methods of forecasting to develop an aggregate forecast.
-Describe which type of forecasting method the company should use and why.
-Prepare a spreadsheet with a 12-month forecast highlighting the key factors used in its development.
-Explain why you chose the method that you did.
-Provide some assumptions that support your argument.