Applying Time Series Methodologies Simulation
Complete the simulation Applying Time Series Methodologies located on . During the third cycle of the simulation, you will need to make a decision regarding sales forecasts for Blues Inc. After completing the simulation, prepare a 350-word memo to Myra Reid, the Vice President, Production, at Blue Inc. In your memo, inform Myra of your forecasts and explain the reasons for your decision. Be sure to take into account the results of the previous two cycles of the simulation in your explanation to Myra. APA style
To: Ms Myra Reid, Vice President, Production
From: [Click here and type name]
Re: Sales and Production Forecast for Quarters
Based on the time series methodologies and analysis of the past data, my forecast for the unit production in next four quarters should be 12.00, 14.00, 13.00 and 20.00 million respectively. This is arrived at taking into consideration the past quarterly data of six years and using centred moving averaging model. I have done three phase research to arrive at these values.
In the first phase, it was researched and decided what variable explains the advertising budget. There were ...
The solution applies time series methodologies simulations.