Management discussions

Discussion Topic

In this discussion, we are going to research the art/science of forecasting. Please make an original posting by next Monday which discusses each of the following three topics. Hint: week 8 lectures are going to be very helpful in formulating your original posting.

· Briefly compare qualitative and quantitative forecasting in 1 - 2 paragraphs.  Identify a few pros and cons of each, and mention an industry each might be suited for.  

· How has globalization changed the practice of forecasting? Have methodologies / timing / geographical markets changed?  

· Select an industry.  How do you think companies in that industry should adjust their forecasting because of the world-wide pandemic?  Suggest a forecasting method or two and tell us why. 

Then interact with your peers.

For each of the above topic questions, use outside sources to support your replies. A minimum of 3 sources is expected, using relevant professional sites (no Wikis, blogs, or dictionaries, please). Write in your own words, do not include quoted material as I subsequently cannot tell if you can articulate it, and properly cite and reference your sources as per APA. 

Respond to your peers throughout the two-week period. When responding to peers, please draw upon your own research and opinions to create substantive responses to their postings.