Essay

1.  Describe the importance of forecasting to the value chain.
2.  Explain basic concepts of forecasting and time series.
3.  Explain how to apply single moving average and exponential smoothing models.
4.  Describe how to apply regression as a forecasting approach.
5.  Explain the role of judgment in forecasting.
6.  Describe how statistical and judgmental forecasting techniques are applied in practice.  

Assignments:  
1.  Complete Discussion Questions # 1, 2, and 3 on Page 194 in your textbook.