Course Project 8

Questions

1. Explain the different forms of forecasting and the various types of quantitative forecasting models? Discuss the advantages and disadvantages of time series analyses along with the various methods of time series forecasting.

2. Explain linear regression analysis, and what is it used for in forecasting. Describe linear regression equation, and what each of the variables represent. Explain forecasting error and all the sources and measurements of error.

3. Define the concept of linear programming and its requirements. Describe all the ways in which linear programming can be used to address operational problems.

4.  Explain the concept of critical path method (CPM) and how to calculate the critical path for a project? Describe how time-cost models impact a critical path assessment?

5. If you were asked by your supervisor or industry peer regarding the value you found in the class, what would be your response? Expand on why the areas you identified added value. How will you apply the concepts from the class into your job or company?