Describe and provide an example of three types of forecasts, Operation Management

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Describe and provide an example of three types of forecasts

1. Identify and describe with an example the following trend series:

a. Horizontal

b. Seasonal

c. Trend + Seasonal

d. Trend

2. Describe and provide an example of three types of forecasts described in your Zybook.

3. Several tools are used for quantitative analysis – your book focuses on Excel. You have been exposed to R in several of the chapters and Tableau is another great tool for analysis and visualization. Answer the following questions:

a) How does Tableau differ from Excel? When would you use Tableau over Excel?

b) How does R differ from Excel? When would you use R over Excel?

c) What does it mean to say that Tableau is a superb tool for data visualization?

d) Why do we say R is both a programming language and a data manipulation and analysis tool?

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Operation Management: Describe and provide an example of three types of forecasts

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