What forecasting methods should the company consider? Please justify.
Unit VI Case Study
For this assignment, read the case study, “Best Homes, Inc.: Forecasting” on pages 447 – 448 of your textbook. Once you have read and reviewed the case scenario, respond to the following questions with thorough explanations and well supported rationale:
- What forecasting methods should the company consider? Please justify.
- Use the classical decomposition method to forecast average demand for 2016 by month. What is your forecast of monthly average demand for 2016?
- Best Homes is also collecting sales projections from each of its regions for 2016. What role should these additional sales projections play, along with the forecast from question 2, in determining the final national forecast?
Your response must be a minimum of three,two pages, and APA style must be followed when writing your response.
References must include your textbook plus a minimum of one additional credible reference. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying in-text citations.
Information about accessing the Blackboard Grading Rubric for this assignment is provided below.