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Posted: December 25th, 2022

MGT530 CTA: Module 03: Forecasting

MGT530 CTA: Module 03: Forecasting
Electronic Manufacturing Inc. is dedicated to the production of diverse products related to computers. Below you will see the production data of four of their products during the past 3 years presented in quarters.

Examine the historical production trends and address the following:

1- Prepare demand forecasts for the next four quarters for all four products.

2- Describe the forecasting method you chose in details.

3- Explain in details why that forecasting method is best suited to this scenario.

4- Explain why you did, or did not, choose the same forecasting method for each product.

5- What are the benefits of using a formalized approach to forecasting these products?

Year 1

Products

Quarter

Motherboard

Hard Drive

Video Card

Ink

1

2,550

1,525

1,855

5,250

2

995

1,025

1,285

4,250

3

3,850

3,025

4,240

5,155

4

2,855

3,175

1,970

5,345

Total

10,250

8,750

9,350

20,000

Year 2

Products

Quarter

Motherboard

Hard Drive

Video Card

Ink

1

4,025

3,965

3,525

9,350

2

2,595

3,025

3,025

9,005

3

6,225

3,250

7,320

9,255

4

5,905

4,125

3,480

10,640

Total

18,750

14,365

17,350

38,250

Year 3

Products

Quarter

Motherboard

Hard Drive

Video Card

Ink

1

5,275

4,905

4,850

13,250

2

3,350

4,250

4,325

13,125

3

7,005

4,105

8,150

13,325

4

6,730

5,535

4,625

15,775

Total

22,360

18,795

21,950

55,475

Instructions:

Please avoid using direct quotes. It is best to paraphrase the information. The idea here is that you will synthesize the content and write in your own words.

Please make sure to include detailed information analyzing the uncertainty and complexity of what is needed in the question (review the attached grading rubric).

-You will respond to assignment questions to develop an essay.

-The essay must have an introduction (to the topic of the assignment) / a body (where you will integrate your responses) / and a conclusion (your thoughts on the assignment).

-Please do not just answer the questions as is. It is best to use APA (7th ed) headings to capture the essence of the questions as a way to make sure you have integrated all of the responses in your essay. Also, make sure you are using an APA (7th ed) paper template as a starting point.)

Again:

Please make sure to include detailed information analyzing the uncertainty and complexity of what is needed in the question (review the attached grading rubric).

Please avoid using direct quotes. It is best to paraphrase the information. The idea here is that you will synthesize the content and write in your own words.

Well-written paper should meet the following requirements:

Minimum of 5-6 full pages in length (double-spaced) related and well explained to all questions (first introduction, then each question has its own headline, last conclusion).
Required minimum pages do not include the paper outline, title, and reference pages, and which are never a part of the content minimum requirements.
Support your submission with course material concepts, principles, and theories from the textbook (Stevenson, W. J. (2021). Operations Management. McGraw-Hill Education.) (Requires supporting citations) and at least four (04) current, scholarly, peer-reviewed journal articles published within the last five (05) years (total of 05 References).
Be sure to support your statements with logic and argument, citing all sources referenced.
Use University academic writing standards and APA style (7th ed) guidelines and double spacing and the reference page needs to be in order A-Z.
Editing after completion is required once needed (after the instructor review feedback).
Assignment will be checked in Turnitin Plagiarism Checker prior to submitting to instructor. Be unique with quality work.
Review the attached grading rubric to see how the grading will be for this assignment.

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