Problem:
The first step in this project requires each member to research and select a relatively new company for which he or she will 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.
1) Research and select a relatively new company.
2) Explain the various methods of forecasting to develop an aggregate forecast.
3) Explain which type of forecasting method the company should use and why.
4) Create a spreadsheet with a 12-month forecast highlighting the key factors used in its development.
5) Explain why you chose the method that you did.
6) Provide some assumptions that support your argument.