Forecasting and Decision Making
August 9th, 2015
For this discussion, respond to the following questions:
- What are the advantages of having computer-based forecasting packages handle forecasting?
- What are the differences between using linear regression to develop a time series forecasting model and a causal forecasting model?
- Are highly experienced managers able to forecast equally or better than computers using heuristics?
- Given your response to the previous question, what are the implications for the role of managers and computers in forecasting?