{"id":133,"date":"2015-01-07T19:56:29","date_gmt":"2015-01-07T08:56:29","guid":{"rendered":"http:\/\/casestudyhelp.com\/sample-questions\/?p=133"},"modified":"2018-01-31T17:04:45","modified_gmt":"2018-01-31T06:04:45","slug":"prepare-a-12-month-forecast-using-regression-analysis-be-sure-to-analyse-the-quality-of-your-forecast","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/prepare-a-12-month-forecast-using-regression-analysis-be-sure-to-analyse-the-quality-of-your-forecast\/","title":{"rendered":"Prepare a 12 month forecast using regression analysis. Be sure to analyse the quality of your forecast."},"content":{"rendered":"

Its a case study<\/strong><\/p>\n

The student will analyse a case and prepare a report addressing specific questions that are asked<\/p>\n

in the case. Specific criteria are:<\/p>\n

    \n
  1. The case is Digital Cell Phone Inc. at the end of Chapter 4, Forecasting.<\/li>\n
  2. The overall problem is forecasting the demand for your firm\u2019s product over the next 12<\/li>\n<\/ol>\n

    months. You have been given the prior 3 years of demand data for your product.<\/p>\n

      \n
    1. The detailed questions which the student is required to answer are:<\/li>\n
    2. Prepare a 12 month forecast using regression analysis. Be sure to analyse the<\/li>\n<\/ol>\n

      quality of your forecast.<\/p>\n

        \n
      1. Using your forecast developed in (a), advise your manager what the demand is<\/li>\n<\/ol>\n

        likely to be and any implications that need to be addressed.<\/p>\n

          \n
        1. Using another forecasting technique of your choice, not that used in (a), develop a<\/li>\n<\/ol>\n

          forecast that is likely to be more accurate than the technique used in (a). Be sure<\/p>\n

          to defend your approach.<\/p>\n

            \n
          1. The report is due on or before Jan. 28\/15 at the beginning of our lab class.<\/li>\n<\/ol>\n

            Report Format<\/p>\n

            The length of the report is 1 cover page (title, student name & #, signed by student), up to 2<\/p>\n

            pages of text and no more than 2 exhibits. Text is to be 12-point Times New Roman font and 1″<\/p>\n

            margins are required. Failure to follow these guidelines will result in grade reduction (if you<\/p>\n

            cannot do the little things well you cannot do the big things well!).<\/p>\n

            The report is to be a persuasive document that follows the RSP format. It starts with the<\/p>\n

            Recommendation (R) you would make to the firm based upon your answers to the detailed case<\/p>\n

            questions. An effective recommendation is several sentences and uses strategic vocabulary to<\/p>\n

            describe the solution and the problem it solves.<\/p>\n

            The second section of the report is the Support (S) and has the key points of analysis that support<\/p>\n

            your recommendation. This section represents the bulk of your document and needs to be rich<\/p>\n

            with the highlights of your analysis. It makes reference to supporting exhibits which contain the<\/p>\n

            detail of the analysis. It avoids \u201cfeelings\u201d and value judgments.<\/p>\n

            The third section is a brief paragraph detailing how your recommendation is to be implemented<\/p>\n

            (Plan of action). For the purposes of this report you need to identify key implementation issues<\/p>\n

            or opportunities and specifically how the firm might address those. Detail is helpful in<\/p>\n

            understand how your recommendations are converted to actions.<\/p>\n

            Exhibits are used to support the arguments you present in the text and should not be used to<\/p>\n

            escape from the page length restrictions of the report. The key exhibits that you should use in<\/p>\n

            this report are the mathematics to support your answer to question (a) and the mathematics to Revised 2014-12-30<\/p>\n

            OPER71260 Case Study Page 2 of 4<\/p>\n

            support question (c). They need to be well crafted and concise with the implication of each<\/p>\n

            exhibit described in a box that appears on that exhibit (this is called a \u201cSo What\u201d statement, it<\/p>\n

            tells the reader the \u201cbottom line\u201d or conclusion of what the exhibit is implying). The major<\/p>\n

            conclusion(s) drawn from the exhibit should be reported in the memo itself. The reader should<\/p>\n

            not have to read the exhibit in order to follow and understand the text of the memo.<\/p>\n

            Your task is to persuade the reader to your point of view. This means that you must use<\/p>\n

            objective proof, rather than a \u201cgut\u201d feeling to convince the reader. Fortunately, you have been<\/p>\n

            taught forecasting methods and tools which allow you to evaluate the quality of a forecast. Use<\/p>\n

            these tools to craft your argument. If you just describe your forecast without critical analysis and<\/p>\n

            improvement suggestions then you are wasting both your time and that of the reader. You are in<\/p>\n

            a university level degree in applied business, you are expected to evaluate situations, make<\/p>\n

            decisions, and make those decisions reality.<\/p>\n

            Here is what I am looking for in your report and presentation:<\/p>\n

              \n
            1. The analysis addresses the questions asked. The most common mistake that students<\/li>\n<\/ol>\n

              make is not answering the questions asked. As this Case Study is worth 15% of your final<\/p>\n

              mark, not answering the questions asked will result in a severe penalty to your overall<\/p>\n

              mark.<\/p>\n

                \n
              1. An unsupported recommendation is unacceptable. Examples of unsupported<\/li>\n<\/ol>\n

                recommendations are: \u201cABC Inc. is advised sell off Division Q because it does not fit\u201d;<\/p>\n

                or: \u201cABC Inc. will create a brand for its widgets\u201d without indicating what problem this<\/p>\n

                will resolve. Avoid using the words \u201cshould\u201d and \u201cmust\u201d because they are value-laden.<\/p>\n

                  \n
                1. Your arguments are persuasive. They are based on your analysis and evaluations. Hint:<\/li>\n<\/ol>\n

                  numbers are always important, they tend to be fairly objective. Examine your report to<\/p>\n

                  make sure it shows effective use of the analytical and reasoning skills you have learned in<\/p>\n

                  this course.<\/p>\n

                    \n
                  1. Editing your report several times before you hand it in is an important continuous<\/li>\n<\/ol>\n

                    improvement habit that you need to develop to be successful in your career. This process<\/p>\n

                    catches \u201csoft spots\u201d in your report that you can then fix. I will review draft reports up a<\/p>\n

                    week before the hand-in date.<\/p>\n

                      \n
                    1. The written presentation is clear and professional in presentation. This includes using<\/li>\n<\/ol>\n

                      titles and white space to break up the text, numbering and titling of exhibits, proper<\/p>\n

                      margins, correct spelling, denotation of units, pagination and so on.<\/p>\n

                      Feel free to ask your professor about any aspects of this assignment. Again, up to five calendar<\/p>\n

                      days before the report is due your professor is happy to review any work you may have done and<\/p>\n

                      give you specific feedback. Revised 2014-12-30<\/p>\n

                      OPER71260 Case Study Page 3 of 4<\/p>\n

                      Evaluation<\/p>\n

                      Case Study overall mark: 15% of course<\/p>\n

                      Key Success Factors (or how to win)<\/p>\n

                      \uf0b7 Do not forget the little things like spelling, format, math adding up, etc. these things are<\/p>\n

                      indicative of your attention to detail. Detail management is often the difference between<\/p>\n

                      winning and losing in the real world.<\/p>\n

                      \uf0b7 Be insightful as to the implications of your analysis. This means discuss what the<\/p>\n

                      numbers mean to the operations of the firm. Identify possible improvements and\/or<\/p>\n

                      concerns. Evaluate the quality of your forecasts, this management insight into the<\/p>\n

                      reliability of the analysis.<\/p>\n

                      \uf0b7 Do not waste the reader\u2019s time. Superior managers answer questions directly and<\/p>\n

                      concisely, getting to the \u201cnub\u201d of the analysis, issues, and opportunities.<\/p>\n

                      \uf0b7 Feedback is how superior managers maintain their edge. Finish a draft of your report and<\/p>\n

                      have it reviewed by your professor. Your professor\u2019s task is to help you to achieve your<\/p>\n

                      potential, if you just learn from your successes and not your errors you are leaving 50%<\/p>\n

                      of your potential on the table. Be a superior manager, finish early, get improvement<\/p>\n

                      feedback, and then produce a superior product. Done properly you can expect superior<\/p>\n

                      marks. Revised 2014-12-30<\/p>\n

                      OPER71260 Case Study Page 4 of 4<\/p>\n

                      OPER71260 Case Study Rubric<\/p>\n

                      Report Strong Average Improve<\/p>\n

                      Title page as per rules<\/p>\n

                      Followed format rules (font, margins, length, etc.)<\/p>\n

                      Relevant & informative exhibits<\/p>\n

                      Mathematics are correct on exhibits<\/p>\n

                      Summary statement(s) on exhibits<\/p>\n

                      Clear & specific recommendations for firm<\/p>\n

                      Objective support for all arguments<\/p>\n

                      Answers all case questions<\/p>\n

                      Identifies implications of analysis<\/p>\n

                      Define action(s) to achieve recommendations<\/p>\n

                      Comments<\/p>\n

                      To Get Answer<\/h2>\n

                      \"Hire<\/a><\/p>\n

                      Looking for Solution or some other occured.Chat with our 24x 7 Online Agents<\/strong> CLICK CHAT NOW<\/strong><\/p>\n