Read the Management Science in Action insert on page 663Links to an external sit
Read the Management Science in Action insert on page 663Links to an external site. in your textbook (Section 15-1 ‘Selecting a Forecasting Method’ in your digital textbook). Choose one or more of the following topics to guide your thoughts for this week’s Application Exercise:
What are some of your key takeaways from the article? In other words, what is ACCO Brands Corporation doing right when it comes to forecasting demand? What are some of the tips they mention to help tweak forecasts for increased accuracy?
Give an example of a product or service in your industry that is seasonal. What tools have you or your company used in the past to forecast demand? How might the concepts presented in this chapter improve your approach going forward?
What topic (linear programming, project scheduling, decision analysis, or forecasting) has been most helpful in your study of management science? Which is most applicable to your career?
Your response should be approximately 150 words. You are encouraged to incorporate concepts from the textbook and/or outside sources. This assignment is designed to give you a break from the math and apply the concepts to the real world. Feel free to incorporate examples/stories from your personal/professional life.
Submissions will be checked using Turnitin Plagiarism and AI checker. Feel free to bring in perspectives from outside sources, but remember to properly cite them by including a link at the bottom of your submission.
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