OPSCB 574 University of Phoenix Operations Forecasting for Netflix Questions
Part 1: Operations Forecasting (Netflix)
Choose 3 quantitative elements from the company you selected in Competency 2, Part 1. (Attached is the document)
Develop forecasts by implementing the following approach:
- Collect data, including old demand forecast (subjective data) and the actual demand outcomes.
- Establish the forecasting method (from readings). Decide on the balance between subjective and objective data and look for trends and seasonality.
- Forecast future demand using a forecasting method.
- Make decisions based on step 3.
- Measure the forecast error where applicable. Look for biases and improve the process.
Write a 525- to 700-word paper evaluating and summarizing the findings from the supported data points above. Insert the charts and supporting data from Excel and other tools in your paper.
