Forecasting and Planning

Catalog description

The course serves as a general course in forecasting methods. Techniques covered include smoothing, decomposition, regression, judgmental techniques, and new product forecasting. Comparison and selection of the appropriate techniques is addressed. Emphasis is placed on the interface between forecasting and the managerial functions of implementation and con - trol. A combination of lectures, analytical exercises, problems, and com- puter exercises are used. Implementation of a forecast system in a small business is also utilized.